Tuesday, August 30, 2011

Obama’s proposed regulations would cost at least $38 billion per year and could cost as much as $100 billion annually

President Obama told Speaker John A. Boehner in a letter Tuesday that his administration is considering seven regulations that would each cost the U.S. economy more than $1 billion per year, although he added that these rules are “merely proposed.” - Dave Boyer-The Washington Times

All told, the seven proposed rules cited by Mr. Obama would cost companies at least $38 billion per year and could cost as much as $100 billion annually....

Mr. Boehner wrote to the president last Friday, asking for an accounting of proposed rules that would cost more than $1 billion annually. “The economy cannot withstand the barrage of major new federal regulations planned by the administration,” Mr. Boehner said.

When they return to work in Washington next week, House Republicans plan to focus on cutting government red tape as a way to promote job creation.

Tip of the ‘Jobs Plan’ Iceberg Arrives: More Regulations - Michelle Malkin

GOP Challenges White House on Planned Spike in Costly New Job-Crushing Regulations - speaker.gov/blog