When pressed about the staggering increases in regulatory burden under his administration, President Obama says not to worry because the benefits exceed the costs. But a new and revealing set of charts from the U.S. Chamber of Commerce highlights the shameless deception used to calculate the bulk of these purported benefits.
In Charting Federal Costs and Benefits, Chamber researchers analyzed the benefits calculations of the Environmental Protection Agency, which is responsible for the largest portion of the most costly regulations in recent years. What they found obliterates the president’s claims that sky-high regulatory costs are justified.