The latest list of federal rules and regulations due this week is expected to show that the amount of red tape in the system has hit a record high and a record cost of $1.8 trillion under the Obama administration.
The 20th anniversary edition of the index, compiled by Wayne Crews of the Competitive Enterprise Institute, will show that the number of pages in the Code of Federal Regulations hit a peak of 174,545 in 2012, an increase of more than 21 percent during the last decade, reports The Wall Street Journal.
