The 1st ever draft report estimates that major federal regulations provide benefits of from $135 billion to $218 billion annually, while costing taxpayers between $38 billion and $44 billion.
Costs and benefits of some other major federal regulatory programs of 1st draft included:
- Energy: Energy Efficiency and Renewable Energy
Benefits: $4.7 billion
Costs: $2.4 billion
- Health & Human Services: Food and Drug Administration
Benefits: $2 to $4.5 billion
Costs: $482 to $651 million
- Labor: Occupational Safety and Health Administration (OSHA)
Benefits: $1.8 to $4.2 billion
Costs: $1 billion
- National Highway Traffic Safety Administration (NTSHA)
Benefits: $4.3 to $7.6 billion
Costs: $2.7 to $5.2 billion
- EPA: Clean Air Regulations
Benefits: $106 to $163 billion
Costs: $18.3 to $20.9 billion
- EPA Clean Water Regulations
Benefits: $891 million to $8.1 billion
Costs: $2.4 to $2.9 billion
The most recent report, 2010 Found Here, contains detailed cost and benefit figures on dozens of major federal regulatory programs, as well as the criteria used in making the estimates.
It is shameful for Republican Party operatives to string along less informed small business men/women whom have no idea of the overall benefits major government regulations provide for them.
GOP politicians continue to whip up less informed sentiment in order to make the government the enemy.
Average citizens, good, simple and hard working are led astray from being thoughtful "Curious George" type, independent thinkers who investigate all sides and make informed decisions.
#VOTE2012 #GOP #FAIL
I so agree, the GOP do everything to keep most American's stupid. Also big money takes the wrap on this too. I hate to tell you, but I have a friend, goes out with a Rethug, he takes care of her and children. She doesn't realize, if he were to leave her, she will need those federal and state benefits to help her. I can't convince her, so how can I educate others, sigh.
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