Obama’s Energy Regulations To Cost Americans $460.5 Billion
Daily Caller, May 12, 2015
Energy and environmental regulations finalized by the Obama administration in the past five years come with a hefty price tag of $460.5 billion, according to data compiled by a center-right think tank.
The American Action Forum’s Regulation Rodeo database shows that the Obama administration finalized 275 energy and environment regulations between 2009 and 2014, with the price tag of each regulation averaging $1.75 billion.
And that doesn’t even consider the paperwork companies will have to complete. AAF data shows that Obama’s energy regulations have burdened Americans with 24.3 million paperwork hours. That means every year, Americans have to complete an additional 3.95 million hours of paperwork because of energy regulations.
Now, $460 billion is a huge price tag, but most of the administration’s regulatory costs come from some 29 regulations that each cost $1 billion or more. The two most expensive finalized rules were imposed by the EPA to fight global warming.