The Edmond Sun


August 29, 2013

Obama’s regulations cost each family over $14,000 per year

EDMOND — With each day, there is something to report about our economic situation. Unfortunately, the news is rarely promising, and we are constantly reminded that we still hold more than $17 trillion in debt. While there are several drivers of our debt, the introduction and enforcement of federal regulations has become one of the costliest to taxpayers and job creators, slowing our economic recovery.

Last year, the Code of Federal Regulations covered 174,545 pages, a figure that is 20 percent higher than it was 10 years ago. Even though the quantity of regulations introduced each year hasn’t increased much more under this administration than others, taxpayers have instead suffered a greater cost burden from new rules.

After just four years in office, the Obama Administration has increased the regulatory burden by nearly $70 billion with $23.5 billion attributed to 2012 alone. In fact, the Office of Management and Budget reported 2012 as the most expensive for regulatory costs to date. This is due in large part to the introduction and enforcement of many “economically significant” rules or those having an annual impact of at least $100 million. The rate at which these costly regulations are introduced has become particularly alarming.

When split up by household, the annual regulatory cost amounts to $14,678 per family. For most families, the only thing more expensive than that are the funds set aside for housing costs. The sharp increase in regulatory cost is due primarily to the types of rules that have been implemented.

Last year and expected in the future, the costliest rules are those related to the implementation of the Dodd-Frank Act, Obamacare and various efforts from the Environmental Protection Agency.

While the Dodd-Frank Wall Street Reform and the Consumer Protection Act were signed into law in 2010, the actual cost of its implementation continues to grow. Written in response to the recession and with the goal of increasing compliance within the financial services industry, it has instead created a new burden for job creators, currently requiring more than 58.5 million hours of paperwork to adequately meet the guidelines. Increased compliance means higher cost for companies because more hours are worked. While new responsibilities are created in the process, the cost prevents many (especially small businesses) from expanding. When companies cannot expand, they can’t or won’t hire, which hurts the unemployment situation and does nothing for our economic recovery.

Not surprisingly, another regulatory cost culprit comes from the implementation of Obamacare. By July 2010, there were already 3,833 pages of federal regulations just from the healthcare law. Even though the nation was promised affordability by the president when he pushed his healthcare agenda — just in the beginning phases of its implementation — it has proven to be anything but simple or beneficial. We’ve already experienced tax increases associated with the law earlier this year, but this is just the beginning, as numerous regulations are still set to be enforced.

The EPA continually imposes expensive regulations that hurt domestic energy exploration and production. Most recently, its regulations for fuel standards and cutting down on carbon emissions from vehicles was the highest reported. In order to comply with these new standards, vehicle producers will have to charge at least $1,800 more per vehicle.

Earlier this month, House Republicans acknowledged that federal agencies must be held accountable for the rules they choose to enforce. In an effort to prevent unnecessary regulations that hurt individuals and job creators, we introduced and passed the Regulations from the Executive in Need of Scrutiny Act (REINS Act). This bill allows Congress to step in and use its constitutional lawmaking authority by requiring that Congress and the president both approve major regulations before enforcement. By overseeing the activity of federal agencies, this legislation preserves the authority and responsibility of the legislative branch and prevents abuse.

Federal regulations have certainly become enemies of our job creators, job seekers and small businesses. Our federal agencies and president must be held accountable.

U.S. REP. TOM COLE, R-Moore, represents Oklahoma’s 4th Congressional District.


Text Only
  • Film critic Turan produces book

    Kenneth Turan, who is the film critic for National Public Radio’s “Morning Edition,” has written a book “Not to be Missed, Fifty-Four Favorites from a Life Time of Film.” His list of movies span the gamut from the beginnings of filmmaking through the present day.
    There are some surprising omissions on his list. While he includes two films, “A Touch of Evil” and Chimes at Midnight” made by Orson Welles, and one, “The Third Man,” that Welles starred in but did not direct. He did not however, include “Citizen Kane,” that was the first movie Welles made, that is  often cited by both film critics and historians as a favorite film.

    July 28, 2014

  • Logan County’s disputed zone

    Watchers of “Star Trek” may recall the episode from the original series entitled, “Day of the Dove.” In this episode, Captain Kirk and his crew are forced by a series of circumstances into a confrontation with the Klingons. The conflict eventually resolves after Kirk realizes that the circumstances have been intentionally designed by an alien force which feeds off negative emotions, especially fear and anger. Kirk and his crew communicate this fact to the Klingons and the conflict subsides. No longer feeding upon confrontation, the alien force is weakened and successfully driven away.

    July 28, 2014

  • Russell leads in Sun poll

    Polling results of an unscientific poll at show that Steve Russell, GOP candidate for the 5th District congressional seat, is in the lead with 57 percent of the vote ahead of the Aug. 26 runoff election. Thirty readers participated in the online poll.

    July 28, 2014

  • Healthier and Wealthier? Not in Oklahoma

    Increased copays, decreased coverage, diminished health care access, reduced provider budgets and increased frustration are all the outcomes of the Legislature’s 2014 health care funding decisions. Unlike some years in the past when a languishing state economy forced legislators into making cuts, the undesirable outcomes this year could easily have been avoided.

    July 26, 2014

  • Medicaid reform a necessity

    Historically, education spending by the state of Oklahoma has been the largest budget item. This is no longer the case. In recent years, the state of Oklahoma spends more on Medicaid (operated by the Oklahoma Health Care Authority) than common education and higher education combined, according to the state’s Comprehensive Annual Financial Report.

    July 25, 2014

  • Remembering lessons from 1974

    This week marks the 40th anniversary of an important milestone in America’s constitutional history. On July 24, 1974, the Supreme Court voted 8-0 to order the Nixon White House to turn over audiotapes that would prove the president and his close aides were guilty of criminal violations. This ruling established with crystal clarity that the executive branch could not hide behind the shield of executive privilege to protect itself from the consequences of illegal behavior. It was a triumph for the continued vitality of our constitutional form of government.

    July 25, 2014

  • RedBlueAmerica: Is parenting being criminalized in America?

    Debra Harrell was arrested recently after the McDonald’s employee let her daughter spend the day playing in a nearby park while she worked her shift. The South Carolina woman says her daughter had a cell phone in case of danger, and critics say that children once were given the independence to spend a few unsupervised hours in a park.
    Is it a crime to parent “free-range” kids? Does Harrell deserve her problems? Joel Mathis and Ben Boychuk, the RedBlueAmerica columnists, debate the issue.

    July 24, 2014

  • Technology that will stimulate journalism’s future is now here

    To say technology has changed the newspaper media industry is understating the obvious. While much discussion focuses on how we read the news, technology is changing the way we report the news. The image of a reporter showing up to a scene with a pen and a pad is iconic but lost to the vestiges of time.
    I am asked frequently about the future of newspapers and, in particular, what does a successful future look like. For journalists, to be successful is to command multiple technologies and share news with readers in new and exciting ways.

    July 23, 2014

  • New Orleans features its own “Running of the Bulls”

    On July12, the streets of the Warehouse District of New Orleans were filled with thousands of young men who were seeking to avoid being hit with plastic bats wielded by women on roller skates as part of the annual “Running of the Bulls” that takes place in New Orleans.
    The event is based on the “Running of the Bulls” that occurs in Pamplona, Spain, that is  part of an annual occurrence in which a group of bulls rampage through the streets of Pamplona while men run from them to avoid being gored by their sharp horns. That event was introduced to the English-speaking world by Ernest Hemingway, who included scenes from it in his critically acclaimed 1926 novel “The Sun also Rises.”

    July 22, 2014

  • OTHER VIEW: Newsday: Lapses on deadly diseases demand explanation

    When we heard that the federal Centers for Disease Control and Prevention had created a potentially lethal safety risk by improperly sending deadly pathogens — like anthrax — to other laboratories around the country, our first reaction was disbelief.

    July 22, 2014


If the Republican runoff for the 5th District congressional seat were today, which candidate would you vote for?

Patrice Douglas
Steve Russell
     View Results