Every day, the hidden cost of government is expanding as federal regulators impose costly new rules and mandates on American taxpayers and businesses. Buried within the federal registry are thousands of new rules which will make American businesses spend more time complying with federal regulations and less time meeting the needs of their customers. The Federal Register 2.0 project exposes the alarming growth of the regulatory regime by allowing taxpayers to see inside the bureaucratic process like never before.
Just today, 12 new rules have been implemented, 11 have been proposed, and 108 notices have been sent, totaling 367 pages of new federal code that must now be complied with. If regulators continue at last month’s average of 20 regulations a day, every year 235 regulations will be added to the federal register, totaling 4,260 pages. What’s more, the two hallmark achievements of the Obama administration – ObamaCare and Dodd-Frank – both require thousands more regulations.
While the costs associated with taxation are readily apparent, the insidious extension of the regulatory state imposes an equally onerous cost on citizens. Last year, the average American worked 74 days to pay off the cost of regulation. Thanks to the Federal Register 2.0, taxpayers can now see the alarming growth of the regulatory state in real time, as well as create new programs to interact with the federal database in the way that best suits their needs. As Obama piles on more regulation through his ObamaCare mandates, this new site should be a constant reminder of why the cost of regulation is at an all time high.
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