On January 2nd, The Daily Caller posted the following headline:
Biden Added $745 Billion Worth Of Regulations In 2023
Just what we needed.
The article reports:
The Biden administration promulgated over $745 billion worth of regulations in 2023, according to information supplied by Advancing American Freedom (AAF) to the Daily Caller News Foundation.
The Biden administration has used rulemaking procedures in agencies to enact several of its left-wing policy initiatives, such as stringent emissions standards to encourage the adoption of electric vehicles and student loan forgiveness plans. From Jan. 1 to Dec. 29 of 2023, the administration greatly exceeded both the Trump and Obama administrations in terms of the regulations it issued, adding to the 743 rules since 2021, according to data from AAF, a government regulations watchdog.
Remember that when President Trump took office, he began removing regulations in order to allow the American economy to grow. What impact have these new regulations put on by the Biden administration had on economic growth?
The article notes:
“Since January 1, the federal government has published $745.2 billion in total net costs (with $129.2 billion in new costs from finalized rules) and 251.3 million hours of net annual paperwork burden increases (with 60.5 million hours in coming from final rules),” AAF told the DCNF. “[T]he Biden Administration heads into 2024 with to-date final rule cost and paperwork totals exceeding those of the Obama Administration by $173.7 billion and 91.4 million hours, respectively.”
The article reports:
Moreover, in the last working week of the administration from Dec. 26 to Dec. 29, which was shortened due to Christmas Day, the administration added $45.6 billion in total costs and added 43.4 million annual paperwork burden hours, according to AAF.
The article includes the following statement:
Today, we released new standards for fridges & freezers that reflect a joint agreement with manufacturers & advocacy groups.
This will save Americans $5B/year & underscores our ongoing work with industry partners to promote innovation & cut energy costs.https://t.co/0Q9UKTRB31 pic.twitter.com/mXWh6SxR2U
— Secretary Jennifer Granholm (@SecGranholm) December 29, 2023
Can we please have a new President in 2025 before this administration can do any more damage.