PROOF: Biden Crushing Americans

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(RightIsRight.co) – In undeniable proof of blatant federal overreach, it has been revealed that the Biden administration has exceeded its predecessors in enacting significant regulations with substantial financial impacts on taxpayers.

A report from the Competitive Enterprise Institute (CEI) discloses in 2022, under Joe Biden, the federal government finalized 89 economically significant rules, each with an economic impact of at least $100 million. This figure surpasses those during the Bush, Obama, and Trump administrations when deregulation efforts are considered.

These regulations have resulted in added costs of $1.939 trillion for the average American in 2022, a figure only surpassed by income tax at $2.263 trillion. The CEI report commented on this trend, saying, “There have been no large-scale tax hikes, but the hidden tax of regulation has proved appealing to lawmakers.”

It highlights how regulations on family leave, child care, and job training, while not direct government spending, ultimately translate into higher consumer prices, forcing businesses to pass on compliance costs.

In 2022, the Biden administration introduced 3,168 new rules, a decrease from the 4,429 in 2021 but significantly higher than the 2,964 rules added in 2019 during the Trump administration, which marked the lowest count since records began in the 1970s. Of Biden’s 2022 rules, 256 were significant regulations.

The Biden administration plans to implement 3,690 additional regulations, a slight reduction from the 3,777 planned in 2021. In contrast, Trump had 3,852 rules in the pipeline in his final year, with over 600 being deregulatory.

Despite the high number of rules in 2022, Congress enacted 247 new laws, resulting in a ratio of 13 rules per new law. This ratio is lower than the 10-year average of 22 rules per law, suggesting a shift in rule-making from the administrative state to legislators.

The Biden administration’s environmental regulations are set to increase home expenses for average Americans by $9,166 due to new rules aimed at reducing carbon emissions from household appliances like gas furnaces and water heaters. These regulatory efforts reflect the administration’s focus on environmental policy and its economic implications for citizens.