The Obama administration is responsible for thousands of new regulations—including a historic number of major regulations. As the costs of these regulations add up, they place more of a burden on economic freedom in America.
In 2015, 43 new major regulations went into effect, increasing regulatory costs by more than $22 billion, according to the latest “Red Tape Rising” study from The Heritage Foundation.
Since President Barack Obama took office in 2009, 229 new major regulations have increased regulatory burdens by $108 billion annually. But it doesn’t stop there. As the administration tries to push its agenda before the end of Obama’s term, 144 more major regulations are already in the works.