According to new findings from the center-right research group American Action Forum (AAF), former President Obama spent more than $890 billion on implementing regulations during his time in office.
$24 billion of this $890 billion was spent in one night back in January.
The AAF’s director of regulatory policy, Sam Batkins, notes that the American people are the ones who truly footed the bills.
“The costs of these $890 billion in burdens must be borne by someone, and it is the American people who inevitably end up paying for these rules in some form,” said Batkins to The Hill.
Below are the top five departments that required the most money in regulations:
#5 – Department of Labor: $56 billion.
#4 – Department of Transportation: $58 billion.
#3 – Department of Health and Human Services: $104 billion (the department responsible for the Obamacare rollout).
#2 – The Department of Energy: $194 billion.
#1 – The Environmental Protection Agency: $344 billion.
The Hill noted that Obama averaged over $111 billion in regulation costs annually, while former President George W. Bush averaged $42 billion per year.
One of the first executive orders signed by President Trump was an order to slash federal regulations.
H/T: The Hill
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