Via Washington Examiner:
Complying with the raging tsunami of new Obamacare rules and regulations will cost American businesses and families 127 million hours annually, enough time to carve out another 1,039 Mount Rushmores which took 14 years complete, according to a new House report.
Based on figures from President Obama’s own Office of Management and Budget and Internal Revenue Service, the new report provided to Secrets reveals that the health reform law set to fully go into effect in 11 months will be the most costly federal burden to hit American in generations. And that hardship will grow as more rules are released.
Just consider: Using the lowest possible wage of an employee complying with Obamacare paperwork–the federal minimum wage–it will cost nearly $1 billion. Put another way: The Empire State building, which took 7 million hours to build, could be erected another 17 times in the time required every year to handle Obamacare rules and regulations.