Thursday, November 4, 2010

Regulations are Hidden Taxes; there are a lot of new ones.

The Heritage Foundation has a report out on how many regulations have been added, how they tax us and increase the costs of goods and services.  I'm quoting only the title and abstract.  This report was published October 26th, 2010.  You need to read it all.  This is just a teaser. It is very detailed.

Red Tape Rising: Obama’s Torrent of New Regulation,
by James Gattuso, Diane Katz and Stephen Keen
Abstract: The burden of regulation on Americans increased at an alarming rate in fiscal year 2010. Based on data from the Government Accountability Office, an unprecedented 43 major new regulations were imposed by Washington. And based on reports from government regulators themselves, the total cost of these rules topped $26.5 billion, far more than any other year for which records are available. These costs will affect Americans in many ways, raising the price of the cars they buy and the food they eat, while destroying an untold number of jobs. With the enactment of new health care laws, financial regulations, and plans for rulemaking in other areas, the regulatory burden on Americans is set to increase even further in the coming year.
Click on the title to read the whole report.

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