Biden leaves behind $16,000 hidden tax for everyone
The National News Desk quoted CEI’s expert on Ten Thousand Commandments report
That according to a new report released Thursday from The Competitive Enterprise Institute.
The company’s annual “Ten Thousand Commandments” report on the cost burden of federal regulations, reveals a cost of $2 Trillion to Americans with an average of $16,000 per household.
According to the author of the report, Clyde Wayne Crews Jr., regulations got worse under the Biden Administration because of the progressive rules imposed on energy, consumer appliances, labor, banking, online speech, and other sectors of the economy.
“Trump after just two months, in stark contrast to Biden, is defunding progressive advocacy sources within the federal government and defunding or at least deflating certain agencies in addition to promising larger spending cuts that we certainly hope materialize,” said Crews.
The report goes on to add that the number and costs of regulations have gone up in recent years as presidents use executive orders to push their agendas when congress won’t cooperate.
Read more at the National News Desk