1 | Tip of the Costberg project on the cost of federal regulation: Wayne Crews -- www.tenthousandcommandments.com | ||||||||||||||
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2 | OMB-Tallied Social Regulation Subset Costs Up to $491b Year | ||||||||||||||
3 | 20th Century legacy, plus major final 2001-19 rules | ||||||||||||||
4 | With both benefits and costs assessed and reviewed | ||||||||||||||
5 | (millions of 2013 dollars) | ||||||||||||||
6 | Total | Annual | YEARLY TOTALS | ||||||||||||
7 | # rules | USDA | Energy | DOJ | HHS | DHS | HUD | Labor | Trans | EPA | Other | $ Totals | w/ 2000 aggregate | ||
8 | "1789" thru 2000 | undetermined | 28,223 | 26,737 | 252,523 | 32,679 | 340,162 | $340,162 | |||||||
9 | 2002 Report | 12 | 242 | 1,908 | 2,270 | 103 | 2,632 | 7,025 | 14,180 | $354,342 | |||||
10 | 2003 Report | 2 | 1,490 | 253 | 1,742 | $356,085 | |||||||||
11 | 2004 Report | 6 | 22 | 47 | 2,024 | 474 | 2,568 | $358,652 | |||||||
12 | 2005 Report | 10 | 1,177 | -42 | 2,570 | 3,705 | $362,357 | ||||||||
13 | 2006 Report | 12 | 970 | 155 | 47 | 3,069 | 3,795 | 8,037 | $370,393 | ||||||
14 | 2007 Report | 7 | 361 | 357 | 992 | 174 | 1,883 | $372,277 | |||||||
15 | 2008 Report | 12 | 546 | 561 | 400 | -55 | 2,590 | 9,899 | 13,940 | $386,217 | |||||
16 | 2009 Report | 11 | 50 | 74 | 130 | 26 | 279 | 11,532 | 12,091 | $398,308 | |||||
17 | 2010 Report | 15 | 971 | 2,519 | 1,163 | 4,915 | 2,949 | 12,518 | $410,826 | ||||||
18 | 2011 Report | 18 | 1,791 | 1,220 | 166 | 2,165 | 4,744 | 6,185 | 16,271 | $427,097 | |||||
19 | 2012 Report | 12 | 2,878 | 811 | 6,027 | 1,987 | 973 | 653 | 13,328 | $440,426 | |||||
20 | 2013 Report | 14 | 569 | 1,001 | 200 | 216 | 553 | 10,857 | 11,618 | 25,013 | $465,439 | ||||
21 | 2014 Report | 7 | 420 | 8 | 201 | 2,691 | 3,320 | $468,759 | |||||||
22 | 2015 Report | 13 | 2220 | -845 | 93 | 1048 | 1716.064 | 4,232 | $472,991 | ||||||
23 | 2016 Draft Report | 21 | 551 | 1,003 | 501 | 478 | 67 | -1,503 | 6,181 | 7,279 | $480,270 | ||||
24 | 2017 Report | 16 | 66 | 1,579 | 921 | 132 | 2,106 | 724 | 1,448 | 6,975 | $487,245 | ||||
25 | 2018 Report | 20 | -7 | 1,452 | -3 | 25 | 349 | 399 | 558 | 576 | 3,349 | $490,594 | |||
26 | 2019 Report | 5 | 187 | 284 | 0 | -241 | 230 | $490,825 | |||||||
27 | 2020 Report | 5 | 228 | -12 | 196 | 412 | $491,236 | ||||||||
28 | 2021 Report | 0 | $491,236 | ||||||||||||
29 | TOTALS | 218 | 2,806 | 16,891 | 1,659 | 9,278 | 965 | 1,512 | 35,621 | 50,311 | 319,276 | 52,918 | $491,236 | ||
30 | Post-20th Century component | 2,806 | 16,891 | 1,659 | 9,278 | 965 | 1,512 | 7,399 | 23,574 | 66,753 | 20,239 | 151,074 | 151,074 | ||
31 | Source: Compiled by W. Crews from OMB, Report to Congress on Benefits and Costs available at http://www.whitehouse.gov/omb/inforeg_regpol_reports_congress; For the initial "1788" thru 2000 row, from OMB 2001, Table 2, OMB used prior aggregated estimates which it de-emphasized in later years, but for which it never substituted as far as aggregate cost is concerned. Notes: OMB figures presented in 2001 dollars are here adjusted to 2013 by the change in the consumer price index (1.316) between 2001 and 2013, derived from "CPI Detailed Report Data for April 2014," Bureau of Labor Statistics, Washington, D.C., (Table 24. Historical Consumer Price Index for All Urban Consumers - (CPI-U), U.S. city average, All items.) http://www.bls.gov/cpi/cpid1404.pdf. OMB's annual summary tabular presentation includes only rules for which both costs and benefits are depicted. Separately in Tip of the Costberg I have assembled rules for which costs but not benefits were provided. "1788" thru 2000 values are from OMB 2001, Table 2, p. 11. Original 1996 dollars were initially converted to 2001 values since all other OMB sources feature 2001 dollars. The $24.8 billion "Other" category refers to social regulations not captured in the specified fields at that time. Yearly total dollar figures do not exactly match OMB 2011's summary Table 1-3 (p. 19) but are very close; this compilation uses OMB's Appendix detail (Table A-2, pp. 121-127 instead of that summary. OMB appears to have transposed $.9 billion between 2001 and 2002 in its summary relative to what it has in the appendix, but the aggregates are the same. USDA = Department of Agriculture DOJ = Department of Justice HHS = Department of Health and Human Services DHS= Department of Homeland Security HUD = Department of Housing and Urban Development EPA = Environmental Protection Agency $248.7 billion for EPA in 2001 is taken from OMB 2002, Table 2's $170 billion. Before the adjustment to 2010 dollars here, it had been adjusted from original 1996 dollars to 2001 dollars (in which OMB has presented data for over a decade) by the change in the consumer price index between 1996 and 2001, derived from U.S. Census Bureau, Statistical Abstract of the United States: 2011, Table 724, “Consumer Price Indexes (CPI-U) by Major Groups: 1990 to 2009,” http://www.census.gov/compendia/statab/2011/tables/11s0724.pdf. Inflator to four significant figures is 1.129 but here used the 1.128747 implicit in Crain & Crain to allow direct comparison of EPA to-2000 aggregate. The $32.1 billion "Other" category refers to social regulations not captured in the specified fields at that time. The $6.1 billion "Other" in 2011 and $11.4 billion in 2013 are Joint DOT/EPA rules on fuel econmy/light-duty CAFE standards; the $643 million "Other" in 2012 is their rule on commercial truck fuel efficiency standards. | 1.231 |
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