Regulations imposed by federal agencies under the Biden-Harris administration cost households at least $15,000 a year and the nation $2.1 trillion, a “swamp” tax that is more than families spend on food, clothing, and education, according to a new report.
As bad as those costs seem, they are likely much higher because the administration changed transparency rules after coming into office, hiding the impact of some regulations, according to the Competitive Enterprise Institute’s annual report on the federal regulatory state, Ten Thousand Commandments.
“Biden’s pursuit of various whole-of-government initiatives and transformation of OMB into a cheerleader for, rather than a watchdog over, regulation, I think he can greatly contribute to household costs far worse than what we imagine,” said the author of the report, CEI regulations expert Clyde Wayne Crews.
His report is eagerly anticipated by supporters of cutting red tap …