Thursday, August 4, 2011

Obama Administration Added $9.5 Billion in Job Killing Red Tape in July

More job killing regulations from our uncaring government. Received increases in my credit card fees this week, compliments of the new financial regulatory reform rules. Costs dictated by the government are paid by you and me.

Many House and Senate conservatives are reviving their battle against federal regulations, claiming that the president hasn't stopped issuing job-killing rules during the debt ceiling fight. "While Washington and Americans have been focused on the debt ceiling, the Obama administration has continued to roll out more crushing red tape," said a spokesperson for Wyoming Republican Sen. John Barrasso, who's been championing the regulation fight.

At Tuesday's GOP Senate caucus lunch, the lawmakers said that they will renew their efforts, supported by business groups like the U.S. Chamber of Commerce. In a memo Barasso handed out to the lawmakers, he claimed that the administration in July only has put in $9.5 billion in new regulatory costs by proposing 229 new rules and finalizing 379 rules. Among those he cited were EPA, healthcare reform, and financial regulatory reform rules.

Read full US News report here.

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