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The Biden administration's additional regulations cost $1.8 trillion.
That's far more than the mere $2.1 billion it cost under the Trump administration.
The Washington Examiner reported:
Now that the stifling cost of the current administration's red tape has been partially tallied, attention in Washington, D.C., is focused on President-elect Donald Trump's promise to reduce Obama- and Biden-era federal regulations.
According to the American Action Forum, the cost of significant regulations imposed on the United States by President Joe Biden by multiple government agencies is $1.8 trillion, a shocking amount compared to President Trump's regulatory costs of $1.2 billion. It is.
Even former President Barack Obama kept the regulatory burden to less than $500 billion.
“That's a significant number,” said Dan Goldbeck, director of regulatory policy at the American Action Forum. And he added that Team Biden intends to squeeze in more rules before handing over the keys of government to Trump.
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