Obama Effort to Eliminate Red Tape Adds $16 Billion in Costs: "The Obama administration’s effort to eliminate red tape added $16 billion in regulatory costs, according to a new report by the American Action Forum obtained by the Washington Free Beacon.
“President Obama signed executive orders (13,563 and 13,610) as part of an effort to ‘eliminate red tape.’ Federal agencies were told to ‘modify, streamline expand, or repeal’ existing regulations,” according to the report released by AAF, a center-right nonprofit led by Douglas Holtz-Eakin, former director of the Congressional Budget Office.
The American Action Forum has found the reviews consist mostly of recycled regulations by federal agencies that have actually increased regulatory costs.
“The recent ‘retrospective reports’ from the administration reveal that executive agencies have added more than $16 billion in regulatory costs, up from $14.7 billion in the previous update, and 6.5 million paperwork hours,” the report said.
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