>Obama’s proposed regs would cost billions annually
President Obama told Speaker John A. Boehner in a letter Tuesday that his administration is considering seven regulations that would each cost the U.S. economy more than $1 billion per year, although he added that these rules are “merely proposed.”
All told, the seven proposed rules cited by Mr. Obama would cost companies at least $38 billion per year and could cost as much as $100 billion annually.
“Before finalizing any of them, we will take account of public comments and concerns and give careful consideration to cost-saving possibilities and alternatives,” Mr. Obama wrote to the Ohio Republican.
Mr. Boehner wrote to the president last Friday, asking for an accounting of proposed rules that would cost more than $1 billion annually. “The economy cannot withstand the barrage of major new federal regulations planned by the administration,” Mr. Boehner said.
https://www.washingtontimes.com/news/2011/aug/30/obama-proposed-regulations-would-cost-1-billion/
