Regulations include calorie postings for vending machines, standards for air
conditioners
Upcoming regulations from the Obama administration in 2014 would cost the
private sector $143.3 billion, according to a new report.
The American Action Forum (AAF) examined the “unified
agenda,” which lays out “regulatory priorities” for the next year, and was
released shortly before Thanksgiving.
The report documents regulations for 2014 from Obamacare, the EPA,
Department of Energy, and others, revealing a regulatory system on “autopilot”
that covers everything from calorie postings in vending machines to efficiency
standards for portable air conditioners.
The agenda includes 15 new “major” rules, which will cost at least $100 million per rule.
Some of the more wide-ranging regulations, such as the Volker Rule, a banking
regulation under Dodd-Frank financial reform, are not even included in the cost
estimate.
The agenda outlines regulations that the administration is currently working
on and hopes to finalize in the next year. Although it is likely some will be
delayed, Sam Batkins, director of regulatory policy at American Action Forum,
said the cost to the economy will depend on how quickly, or how slowly, agencies
actually finalize regulations.
“Regulations, more or less, operate like hidden taxes,” Batkins told the
Washington Free Beacon. “Last year the administration admitted that we
had about $30 billion in new regulatory burdens, and that’s just from cabinet
agencies. Our estimate from all agencies was a little bit higher.”
“But that’s $30 billion, that’s roughly the same amount that taxes increased
this year, with higher income and capital gains taxes, and higher Medicare
taxes, as well,” he said.
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Sunday, December 8, 2013
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