Joe Biden’s Regulatory Onslaught A Burden on American Taxpayers
Shared By Peter Boykin – American Political Commentator / Citizen Journalist / Political Candidate
Biden adds nearly half-trillion in new regulations
Joe Biden’s Regulatory Onslaught A Burden on American Taxpayers
President Biden’s administration is under scrutiny for imposing regulations that will cost American taxpayers nearly half a trillion dollars, reveals a recent analysis by the American Action Forum. This move has sparked concerns, particularly among Republicans, about the economic impact and the potential strain on small businesses.
Diving into the specifics, Biden has utilized federal agencies under the executive branch to sidestep Congress and push forward with left-wing policies, including stringent fuel emission standards and student loan forgiveness. The American Action Forum’s analysis sheds light on the staggering numbers: since taking office, Biden has introduced 743 new rules, imposing a hefty burden of $447 billion and 277 million hours of paperwork on taxpayers.
In stark contrast, the analysis draws attention to the Trump administration’s comparatively modest impact, implementing regulations that cost $25 billion and 65 million hours. This significant disparity raises questions about the scale and scope of Biden’s regulatory agenda.
One recent example of the Biden administration’s regulatory reach is the publication of new rules governing the energy efficiency standards for home refrigerators and freezers. While framed as a measure to combat climate change, this move directly impacts millions of Americans and their households.
Examining the broader perspective, the surge in new regulations is predicted to have a disproportionate impact on small businesses, as highlighted by the GOP-controlled House Committee on Small Business. In a statement, they asserted on social media that for small businesses to thrive, there needs to be a reduction in wasteful regulations, not an increase.
Adding her voice to the critique, GOP Senator Katie Britt of Alabama expressed concern about the administration’s focus on regulating household appliances. She asserted that President Biden’s agenda appears to be backward at every turn, particularly when it comes to addressing the needs of hardworking American families.
As debates around the economic consequences of these regulations intensify, the Biden administration faces growing criticism, especially from Republican quarters, who argue for a more measured and business-friendly approach to governance.
[Source: The Daily Caller]
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