Saturday, 23 November 2024

Report: Biden’s $1.8 trillion regulations tab topped Trump’s of $1.2 billion (with a b)


by WorldTribune Staff, November 14, 2024 Real World News

The Biden-Harris administration has force-fed a mountain of red tape to the American public. According to American Action Forum, the regulatory price tag Biden-Harris agencies have imposed sits at $1.8 trillion.

The Biden-Harris team has set the record for red tape.

In his first term, President Donald Trump’s regulatory price tag was $1.2 billion.

Even President Barack Obama didn’t go as far as Old Joe and Kamala, stopping just short of $500 billion.

“It’s quite a number,” said Dan Goldbeck, the director of regulatory policy at American Action Forum.

And Biden-Harris has plans to force through more rules before Trump is inaugurated on Jan. 20, 2025, Goldbeck said.

The story of last week (and of the year and perhaps even decade), Goldbeck said, was the election, “the result of which ushers in a return of the Trump Administration and its more deregulatory posture.”

For the time being, however, Goldbeck added, “agencies under the current Biden Administration continue their regulatory programs apace. There were only eight rulemakings this past week that contained some kind of quantified economic impact, but a couple of them packed a punch.”

The past week’s main rulemaking items included a Department of Homeland Security (DHS) proposal on cybersecurity standards for certain categories of public infrastructure and a Department of Health and Human Services (HHS) rule that brings sizable administrative burdens.

For the week, Goldbeck said, “across all rulemakings, agencies published $3.1 billion in total costs and added 3.5 million annual paperwork burden hours.

Publishing the Biden-Harris regulations in the Federal Register takes up 89,476 pages, according to Clyde Wayne Crews of the Competitive Enterprise Institute.

Sean Cooksey, chairman of the Federal Election Commission, told the Washington Examiner: “One of President Trump’s greatest opportunities next year is to cut the Biden administration’s red tape and to free American people and businesses from the bureaucracy. I expect that President Trump and the Republican Congress will use all the tools at their disposal, including the powerful Congressional Review Act.”

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