Americans are learning more about the "fiscal cliff" approaching at the beginning of next year, when tax rates for families and small businesses are set to spike and new taxes in President Obama's health-care spending law take effect. But unless there's real change in Washington, we're also headed for a steep "regulatory cliff" that could compound the damage.
After three years of bureaucratic excess, the Obama administration has been quietly postponing several multibillion-dollar regulations until after the November election. Those delayed rules, together with more than 130 unfinished mandates under the 2010 Dodd-Frank financial law, could significantly increase the regulatory drag on our economy in 2013.
Monday, August 27, 2012
Coming in Obama's second term
An avalanche of costly new regulations.
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ReplyDeleteObama's slogan should be "Under".
ReplyDeleteGiven the growth of what was originally a bloated Federal bureaucracy, most people have no idea about the costs yet to come. It ain't gonna be pretty, not unless the Feds are seriously reined in.
ReplyDelete