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OBAMA and BOEHNER Square Off on Government Regulation – FoxNews.com

August 30, 2011

Obama and Boehner Square Off on Government Regulation

by Sarah Courtney | August 30, 2011

Responding to a request from House Speaker John Boehner, R-Ohio, for the Obama administration to “provide a list of all pending and planned rulemakings with a projected impact on our economy in excess of $1 billion,” President Barack Obama tells the speaker that his administration has taken steps to minimize regulatory burdens and costs government wide.

In a letter to Boehner, Mr. Obama writes that his executive order earlier this year “called for an ambitious Government-wide review of rules now on the books” which the president says is now complete. He adds that the review led to cuts from 26 agencies, generating more than $10 billion in savings over 5 years.

President Obama replied Tuesday with a list of seven proposed rules with an estimated economic impact of over $1 billion. The various proposed regulations apply to the Environmental Protection Agency and Department of Transportation, ranging in rough costs from $1 billion for DOT hours of service regulations, to as much as $90 billion for ozone air standards.

Boehner’s office answered Obama’s letter with a statement Tuesday afternoon bashing the seven regulations.

“The combined cost of these seven new regulatory actions alone could be more than $100 billion,” the statement read. “These costs will be felt by the American people in the form of fewer jobs and slower economic growth.”

via Obama and Boehner Square Off on Government Regulation – FoxNews.com.

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