◼ SURPRISE: OBAMACARE TAX TO HIT 6 MILLION, MOSTLY MIDDLE CLASS... The new estimate amounts to an inconvenient fact for the administration, a reminder of what critics see as broken promises. - AP
◼ $1.8 trillion shock: Regs cost 20 times more than estimate - Paul Bedard/Washington Examiner
Current federal regulations plus those coming under Obamacare will cost American taxpayers and businesses $1.8 trillion annually, more than twenty times the $88 billion the administration estimates, according to a new roundup provided to Secrets from the libertarian Competitive Enterprise Institute.
And it could grow, warned the author of the report, Clyde Wayne Crews, a CEI vice president.
Complying with Health and Human Services Department requirements alone, he revealed, costs $184 billion a year, yet regulators are still drafting the rules for the 2,400-page Obamacare law that kicks into gear in 2014.