The Heritage Foundation recently came out with a paper describing the pernicious growth of the federal regulatory state. Today, we’re largely ruled by administrative fiats from unaccountable bureaucrats, rather than governed by laws debated in Congress – a blow to both democracy and federalism.
How bad is it?
Since President Obama took office in 2009, federal agencies issued 106 major regulations with an annual additional cost to the economy of $46 billion.
3 In 2010, economists with the Small Business Administration estimated that the total cost of America’s regulatory burden reached $1.75 trillion— more than twice what Americans pay in individual income taxes.4
The U.S. Departments of Agriculture, Commerce, Treasury, and Health and Human Services (HHS) and the Environmental Protection Agency (EPA) are at the center of this regulatory storm. They alone account for 43 percent of all rules in the federal pipeline.
5 Of the 43 major rules issued in 2010, 10 were based on EPA mandates.6 With the President’s health and environmental initiatives alone, the Obama White House has dwarfed the regulatory agenda of its predecessors.
And that’s just the feds. Heaven help us in California, where we’re burdened by crazed levels of state and local regulations as well.