Virginia Lt. Gov. Bill Bolling on Thursday blasted pending regulations by the Obama administration that are “out of control and crushing our businesses.”
The state’s chief job-creation official, speaking on a conference call hosted by the National Federation of Independent Business, cited estimates that 4,218 proposed federal regulations will cost the U.S. economy $515 billion.
Among the costliest:
■$90 billion annually for new ozone-reducing air-pollution rules.
■$13 billion for “Tier 3 Motor Vehicle Emission and Fuel Standards.”
■$10 billion to $20 billion for boiler regulations that NFIB says are “virtually unattainable” by new and existing boilers.
■$2.5 billion for lead renovation repair and painting rules for commercial buildings.
(Source: Virginia Watchdog.org, 7/27/12, “VA: Bolling, NFIB Rip Obama’s $515 Billion Regulatory Tab,” by Kenric Ward)