Biden regulations cost the economy $309B in first two years, up from Obama’s $204B

Regulations issued during the first two years of the Biden administration cost the economy an estimated $309 billion, which is 50% more expensive than the first two years of the Obama administration and nearly eight times as expensive as rules released in all four years of the Trump administration.

Biden’s regulatory cost reflects the 443 final rules issued through late October 2022, which required roughly 193,000,000 hours of compliance paperwork across the nation, according to federal data collected by the American Action Forum.

At the same point in time under the Obama administration, 639 final rules had been issued that cost the economy $204 billion and required 80,000,000 hours of paperwork, less than half the time required under Biden.

The Trump administration released 500 final rules in its first two years that saved the economy an estimated $3.4 million, and took up just 500,000 hours of compliance time, the American Action Forum said. – READ MORE

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