Regulatory costs skyrocketed in the first term of the Obama Administration, which added nearly $70 billion to the already excessive annual burden of government do’s and don’ts. Virtually every aspect of Americans’ lives is controlled to a varying extent by regulation, including how we light our homes, wash our clothes, fuel our cars, feed our families, and obtain our health care.
The consequences are dire: less investment and innovation, fewer jobs, and the erosion of fundamental freedoms.
In a new report, Red Tape Rising: Regulation in Obama’s First Term, our experts detail the number and cost of these many new rules. We put together this infographic to help understand how these costly regulations affect our lives—and pockets.