White House Admits 2012 Was Costliest for Regulation
"In a long-awaited report to Congress on the costs and benefits of federal regulation, the Office of Information and Regulatory Affairs (OIRA) conceded 2012 was the costliest year ever for red tape. With $19.5 billion in regulatory costs, 2012 topped the next highest cost year by 57 percent. But that's only the tip of the iceberg. The report, which was well overdue, also failed to record costs of six "economically significant" regulations. AAF's tally has last year's regulatory cost at$215 billion – still a pure addition of administration data."
Tax, spend and regulate. The mantra of the Democrats.
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