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

Related Articles

(PREMIUM) PAINE IN THE MORNING: What you need to know this Tuesday – November 8, 2022

Here’s what you need to know today, Tuesday – November 8, 2022. Climate Change Conference Will Look to Extort Cash From Rich Countries to Pay for Weather Events in Poor Countries – If you’re a con man, a grifter, or just a run-of-the-mill crook, you’ve got to be in awe of the hustlers, the chiselers, and…

To access this post, you must purchase The Hot Wire, The Hot Wire (DG), Monthly Supporter​ or Monthly Supporter​ (DG).

(PREMIUM) PAINE IN THE MORNING: 13 things you need to know this Monday – November 8, 2021

There is also an ad free audio version of this episode you can listen to HERE. GOP-appointed judges freeze Biden vaccine requirement after federal lawsuit – A federal appeals court suspended the Biden administration’s new vaccine requirement for private companies, delivering a major blow for one of the White House’s signature attempts to increase the…

To access this post, you must purchase The Hot Wire, The Hot Wire (DG), Monthly Supporter​ or Monthly Supporter​ (DG).

Responses