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New EPA rules push regulatory costs past $1 trillion, $3,080 per person | Washington ExaminerThe new implementation of EPA rules on heavy trucks has boosted the 10-year regulatory burden on America past $1 trillion, 75 percent of which have been imposed by the Obama administration.
"In other words, each year every person, regardless of age, in the nation is responsible for paying roughly $540 in regulatory costs. These burdens might take the form of higher prices, fewer jobs, or reduced wages," said AAF's Sam Batkins, director of regulatory policy at the watchdog group.
The staggering amount is likely to surge even higher as President Obama scrambles to lock in several environmental regulations before leaving office. He has already broken records for new regulations and added red tape this year and still has 50 days in office.
Incoming President-elect Trump has promised to kill two current regulations for every new one he adds.
Another reason Trump won, he's promised, I know a Trump promise, to roll back this insanity.