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In today’s edition of The Heartland Daily Podcast, Sam Batkins, Director of Regulatory policy at the American Action Forum, joined the podcast to discuss his new paper titled “600 Major Regulations.”
In more than six years in office, President Obama had imposed more regulations than President Bush did in eight years. The administration has issued a record-breaking figure 600 major regulations in roughly 7.5 years, 20 percent more than the previous president didin eight years, for a combined economic burden on the economy of at least $743 billion, larger than the Gross Domestic Product (GDP) of Norway and Israel combined. This burden amounts to $2,294 regulatory costs on every person in the United States. These rules often impose high costs on businesses and individuals while resulting in few if any benefits.