Obama Crams Through ‘Midnight Regulations’ Estimated To Cost Americans’ $6 Billion


With less than a month before he hands over power to Donald Trump, President Obama has crammed through one last batch of “midnight regulations” that are estimated to cost Americans $6 billion in total. This comes on top of existing regulatory expansions that cost the economy almost a trillion dollars and earned Obama the dubious honor of adding the most rules of any president to the federal rolls in history:

“The new regulations, according to the watchdog group American Action Forum, include four from the Environmental Protection Agency and one from Interior.

“These five measures alone could impose $5.1 billion in costs and more than 350,000 paperwork burden hours. In addition, three other rules in proposed form could add $898 million in burdens and 146,000 paperwork hours, for a cumulative total of nearly $6 billion in potential midnight costs and nearly 500,000 burden hours from the two agencies. Consider, EPA and Interior have already imposed $349 billion in previous burdens since 2009,” said AAF’s Sam Batkins.”

Source: Washington Examiner



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