The Department Of Government Efficiency is going to be busy.
A new report from the American Action Forum showed that the cost of President Joe Biden’s regulations is a whopping $1.8 trillion, which is even more shocking when juxtaposed to the $1.2 billion spent on President-elect Donald Trump’s regulations during his first term, The Washington Examiner reported.
It’s quite a number,” the director of regulatory policy at American Action Forum, Dan Goldbeck, said of the Biden-Harris figure.
“Besides breaking the cost burden on America with his regulations, Biden is on a path to bust the record of publishing those rules in the Federal Register, America’s handbook of red tape. According to Clyde Wayne Crews of the Competitive Enterprise Institute, the total this year is already in second place at 89,476 pages,” The Examiner reported.
In addition to companies, the cost burden has been shared by all Americans in the form of crushing and enduring inflation, which Trump campaigned against.
Former President Obama holds the current record of 95,894 pages, but President Biden is anticipated to smash that record in the final two months of his administration.
And some people are requesting that Congress use the Congressional Review Act to eliminate the regulations which, if done using that Act, would stop the same rules from ever being proposed again.