![]() Although the total does not appear anywhere in the federal budget, the multitude of rules, restrictions, and mandates imposes a heavy burden on Americans and the U.S. The cost of regulation has often been called a hidden tax. With the enactment of new health care laws, financial regulations, and plans for rulemaking in other areas, the regulatory burden on Americans is set to increase even further in the coming year. These costs will affect Americans in many ways, raising the price of the cars they buy and the food they eat, while destroying an untold number of jobs. ![]() And based on reports from government regulators themselves, the total cost of these rules topped $26.5 billion, far more than any other year for which records are available. Based on data from the Government Accountability Office, an unprecedented 43 major new regulations were imposed by Washington. Abstract: The burden of regulation on Americans increased at an alarming rate in fiscal year 2010.
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