Regulatory Tsunami To Hit Business If Obama Wins Second Term

Posted by on Sep 18, 2012 at 10:17 am

Using official government sources, the National Federation of Independent Business calculates there are more than 4,000 federal rules in the pipeline, and that just the 13 biggest ones would, if imposed in an Obama second term, cost businesses a total of more than $515 billion over four years.

That tally doesn’t include more than 100 still-to-be-written regulations needed to enforce the Dodd-Frank financial reform law, or the mountain of regulations required by ObamaCare. The health law has already resulted in thousands of pages of rules, including 18 pages simply to define what a “full-time employee” is.

Among the most expensive new rules now waiting in the wings:

Smog rules. Although Obama canceled those extremely tight new standards — which would put most of the country out of compliance and cost $90 billion a year to meet — he promises to revisit the issue in 2013 and could easily reverse course.

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