Cass Sunstein, Obama's regulatory czar, announced today that they are reducing or simplifying rules and regulations. For instance, electronic filing of certain reports will now be allowed. Supposedly this will save $10 Billion over 10 years for individuals and small businesses.
The US Chamber wasn't very impressed. Consider that Obamacare is creating 159 new agencies and boards. Or that Dodd-Frank creates 447 new rules and regulations for the banking and credit card industry to work under. As reported in a previous post, estimates show that rules and regulations cost the U.S. consumer over $1.5 Trillion a year.
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