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The Biden administration’s added regulations have cost 1.8 trillion dollars.
This is far more than under the Trump administration which cost only $2.1 billion.
The Washington Examiner reported:
All eyes in Washington, D.C., are turning to President-elect Donald Trump’s promise to cut Obama- and Biden-era federal regulations now that the choking price tag for the current administration’s red tape has been partially tabulated.
According to American Action Forum, the cost of President Joe Biden’s significant regulations pushed on America by several agencies is $1.8 trillion, a shocking amount when compared to the $1.2 billion Trump’s regulations cost.
Even former President Barack Obama kept his regulatory burden to under $500 billion.
“It’s quite a number,” said Dan Goldbeck, the director of regulatory policy at American Action Forum. And, he added, Team Biden still plans to jam through more rules before turning the keys of the government over to Trump.