On Tuesday, the American Action Forum announced the Obama - TopicsExpress

On Tuesday, the American Action Forum announced the Obama administration issued $181.5 billion in regulatory costs during 2014. According to the report, “In 79,066 pages of regulation, Americans will feel higher energy bills, more expensive consumer goods, and fewer employment opportunities. The year was highlighted by EPA’s proposed ‘Clean Power Plan’ (CPP), which the administration admitted would raise electricity prices by more than six percent by 2020, not to mention the $8.8 billion price tag.” Today’s post takes a closer look at 2014 regulations. •Overall In 2014, There Were Six Regulations That Could Have An Annual Impact Of More Than $1 Billion. According to the report, “Overall in 2014, there were six regulations that could have an annual impact of more than $1 billion. More broadly, regulators published 39 rulemakings with yearly burdens of more than $100 million. Those 39 regulations also arrived with 25.6 million hours of paperwork.” •The Affordable Care Act’s Calorie Labeling Rule For Restaurants And Vending Machines Will Cost $1.6 Billion And More Than Two Million Paperwork Hours. The AAF reported, “The highlights of ACA regulation were the final calorie labeling rules for restaurants and vending machines. Combined, the measures will impose more than $1.6 billion in costs and two million paperwork burden hours. The vending machine rule will overwhelmingly affect small businesses and the rule for restaurants is guaranteed to raise food prices for consumers. As the administration conceded, ‘We fully expect that some proportion of the costs imposed by the regulation will be passed on to consumers.’” •The Department Of Energy Was Responsible For Two Of The Ten Most Expensive Rules Of 2014. According to the AAF, “The Department of Energy (DOE) was an aggressive regulator in 2014 as well, with two of the ten most expensive rules: energy conservation standards for fluorescent lamps and industrial electric motors, both of which would lead to considerable initial price increases for consumers. Overall, DOE published 14 regulations with quantified costs. The results: $3.6 billion in annual burdens, and amazingly, $67.5 billion in net present value costs, more than any other agency. Yet, DOE rarely receives the same level of coverage as EPA or other controversial regulators.” - See more at: bankruptingamerica.org/2014-regulations-cost-181-5-billion/#.VK7Iquk5C1t