Biden regulations have cost Americans almost $10,000 per household: study

Biden admin regulatory costs surpassing those under Obama, research shows

Aaron Kliegman | Fox News

 

The Biden administration's burdensome regulations have cost Americans about $10,000 per household, according to a new report, which noted that figure could skyrocket if President Joe Biden is reelected in 2024 and serves another four years.

Casey Mulligan, a professor of economics at the University of Chicago, compares the regulatory records of President Biden and former Presidents Donald Trump and Barack Obama in a new study published by the Committee to Unleash Prosperity.

As of the end of last year, according to the study, the Biden administration imposed new regulatory costs on American households and businesses at a pace that is surpassing that of the Obama administration during a comparable time period. Specifically, Mulligan writes that the Biden administration has so far been adding regulatory costs at a rate of $617 billion per year of rulemaking, not counting regulatory costs created by statutes and other non-rule regulatory actions. Read more and see videos here.