Red tape bur­den surges to 10.34 bil­lion hours, 15,000 life­times

Fed­er­al paper­work require­ments required by Pres­i­dent Joe Biden’s expand­ing reg­u­la­tions cost tax­pay­ers and com­pa­nies over 10 bil­lion hours a year, the equiv­a­lent of 15,000 “human life­times of work, sleep, play, and every­thing in between,” accord­ing to new agency reports.
The finan­cial cost is just as bad: $163.2 bil­lion, the Office of Man­age­ment and Bud­get said.
NOVEMBER TO REMEMBER: VIRGINIA ELECTIONS COULD LAUNCH YOUNGKIN NATIONAL RUN
In his new report on red tape, Clyde Wayne Crews, the reg­u­la­to­ry expert at the Com­pet­i­tive Enter­prise Insti­tute, said the bulk of reg­u­la­tions bur­den­ing the nation is in tax and health­care.
“Pre­dictably, the bulk — 6.6 bil­lion hours — come cour­tesy of the Trea­sury Depart­ment and income tax com­pli­ance. Health­care is paper­work-laden, as the 1.6 bil­lion hours attrib­uted to the Depart­ment of Health and Human Ser­vices attest,” he said.
Crews tab­u­lat­ed the red tape from sev­er­al agency reports to come up with his shock­ing num­bers.
Since Biden entered the Oval Office, fed­er­al agen­cies have been increas­ing reg­u­la­tions and dis­man­tling for­mer Pres­i­dent Don­ald Trump’s dereg­u­la …