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Red Tape Rising: Regulation in the Obama Era
Posted By Stephen Keen On April 2, 2010 @ 2:07 pm In Economics | Comments Disabled
Americans are endlessly paying taxes–on their income, on their property, on almost anything they purchase. But the heavy burden that the U.S. government places on its citizens does not stop there. It continues with a slew of hidden taxes imposed by an ever-larger number of government regulations. These regulatory taxes do not appear on any balance sheet, yet cost Americans about $1 trillion every year.
The recently released Heritage Backgrounder, “Red Tape Rising: Regulation in the Obama Era,”  measures the regulatory impact of the outgoing Bush Administration and the new Obama Administration (following up on earlier assessments released in 2004  and 2008 ).
Specifically, the report finds that:
Anyone who uses electricity, drives a car, has a job, visits a doctor, owns stocks, or patronizes a bank is affected by federal regulation  and should take note of this report.
Article printed from The Foundry: Conservative Policy News Blog from The Heritage Foundation: http://blog.heritage.org
URL to article: http://blog.heritage.org/2010/04/02/red-tape-rising-regulation-in-the-obama-era/
URLs in this post:
 “Red Tape Rising: Regulation in the Obama Era,”: http://www.heritage.org/Research/Reports/2010/03/Red-Tape-Rising-Regulation-in-the-Obama-Era
 2004: http://www.heritage.org/Research/Reports/2004/09/Reining-in-the-Regulators-How-Does-President-Bush-Measure-Up
 2008: http://www.heritage.org/Research/Reports/2008/03/Red-Tape-Rising-Regulatory-Trends-in-the-Bush-Years
 regulation: http://www.heritage.org/Issues/Regulation
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