A new report revealed this week that the annual cost of US regulation — $1.75 trillion — represents twice the amount of individual income taxes collected last year.
Heritage Foundation reported:

The Heritage Foundation reported:

In the just-released “Red Tape Rising: A 2011 Mid-Year Report,” The Heritage Foundation’s James Gattuso and Diane Katz explain the pervasiveness of government’s intrusive regulatory hand (that oftentimes goes go well beyond ensuring product safety) and how it controls nearly every facet of your daily life.

Do you heat your home? Light your rooms? Buy and cook food? Watch TV? If the answer is “yes,” then you’ve fallen under federal regulation. And you’re paying for it, too. Gattuso and Katz explain how every product imaginable costs more because of regulations:

The costs of regulation are inevitably passed on to consumers in the form of higher prices and limited product choices. Basic items, such as toilets, showerheads, light bulbs, mattresses, washing machines, dryers, cars, ovens, refrigerators, television sets, and bicycles all cost significantly more because of government decrees on energy use, product labeling, and performance standards that go well beyond safety—as well as hundreds of millions of hours of testing and paperwork to document compliance.

The annual cost of regulation—$1.75 trillion by one frequently cited estimate—represents twice the amount of individual income taxes collected last year. Overall, from the beginning of the Obama Administration to mid-fiscal year (FY) 2011, regulators have imposed $38 billion in new costs on the American people, more than any comparable period on record. Consider Washington’s red tape to be a hidden tax.

The mountain of regulations didn’t begin under the Obama Administration. Under the Administration of George W. Bush, for example, $60 billion in additional annual regulatory costs were imposed on Americans. But as Katz and Gattuso write, the rate at which burdens are growing has accelerated under the Obama Administration.

 

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  1. ++

    hmmm, wonder if Canada & Mexico are
    preparing for an onslaught of refugees..

    /how duh fuh r us sarc/

    ==

  2. But it’s for the children.

  3. No wonder a GE plant went to China. And Jeffrey Imelt is Obama’s bud!

  4. Federal regulation? Well, it’s like a d!ck in your oatmeal

    Heart-healthy oat meal.
    With a d!ck in it.

    Nobody’s eatin’ that.

  5. One man’s regulation is another man’s oppression. Sensible regulation is a benefit to a nation but over regulation is just tyranny by another name.

  6. Yes Old Dude, sensible as in what size toilet tank I can have or what kind of light bulb I can use?? or tripling the cost of an ASTHMA INHALER to save PLANET EARTH for ASTHMATICS.

    LIBTARDS ARE MENTALLY DISTURBED…..certainly not sensible.

  7. And the vast majority of it is illegitamely written and imposed, in stark violation of Article 1 of the US Constitution.
    All legislative power is in the hands of Congress.
    By using the word “regulation” in place of law, it sidesteps (with the willful aid of the judicial and representative branches) Congress.
    But it is much more offensive to the Constitution than just allowing Congress to shirk it’s responsibility, it shifts full lawmaking ability to the Executive branch where it is filtered down to many agents, most all being removed from scrutiny. Unilateral control over virtually every aspect of life.
    This president’s practice has been to shove through every policy issue that he can’t get through congress through as regulation.
    He has done it time and time again. He will continue to do so because those we elected keep telling us “we only possess one half of one third of the government.”
    They refuse to embrace the fact that not one dime can be spent that the republican-controlled HOR authorizes. They simply do not have the courage to shut it down if necessary. I perceive they will make some excuse as to why change cannot be accomplished even if we win big in 2012.
    The ruling class does not deserve to be trusted.

  8. this is what happened when being a politican became an occupation. holding public office was supposed to be a service not a job. now government exists for the benefit of the people in it not the people out of it. the exact opposite of what the founding fathers intended.

  9. Serfdom, dead ahead.

  10. Brilliant – regulations twice the revenues. Just Dim Brilliant.

  11. #5 Old Dude – we haven ‘t seen “Sensible Regulations” in well over 100 YEARS.

  12. Have you all noticed how much the government is involved in our lives? Just about everything we do is regulated: food, fuel, health care, retirement, the cars we buy, the houses we buy, where and how we do banking, college finance, assessors, educators, licenses, insurance.
    Pretty certain the Founders would be mighty p!ssed at what we’ve become.

  13. The larger the government the more red tape and regulations come out of it. The public is drowning in regulations and jobs are going overseas all because of a government that got so large it cannot govern without all these ruling agencies. All of these politicians swore an oath to support and protect the Constitution, and everyone of them broke that oath, shouldn’t all of them be removed from office on that alone.

  14. Lefties really hate the private sector. They must be commies in denial.

  15. #12…and they do it all with our income.

    the power to tax is the power to tyrannize.

  16. LIBTARDS….CANNOT ACHIEVE and RETAIN POWER, without GOVERNMENT IMPOSING.

  17. Yes Tommy, LIBTARDS stab US in the back, by virtue of using OUR OWN MONEY.

  18. Stop!

  19. #15 Opus#6

    …They must be commies in denial.

    Acually, they are no longer in denial, nor trying to hide it any longer.

    For example, look at the Mao Tse Tung ornament they hung on the White House Christmas tree last year.

    Or, for another example, look at the photo of the bus in Jim’s next post.

    Who is that at the bottom, near the bumper? What’s on their hats?

    They’re out in the open about their communism now. Now that they’ve effectively de-educated and brainwashed the population into believing: “Christianity is STUPID! Communism is GOOD!”, they no longer have to hide their true nature.

    http://grooveshark.com/s/Christianity+Is+Stupid/3ctn0Z?src=5



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