A recent report reveals that under the Biden administration, burdensome regulations have led to an average cost of $10,000 per household. Unfortunately, if President Biden is re-elected in 2024 and continues for another four years, this figure could skyrocket further.

The report, authored by Casey Mulligan, an economics professor at the University of Chicago, compares the regulatory records of President Biden, former President Donald Trump, and former President Barack Obama. According to the study, the Biden administration has been imposing new regulatory costs at a faster pace than the Obama administration.

At a rate of $617 billion per year of rulemaking, the Biden administration has been adding significant regulatory costs, not counting those created by statutes and other non-rule regulatory actions.

Mulligan's calculations demonstrate that the additional costs of Biden-era rules equate to about $9,600 per household, considering both current and expected future costs. These costs are spread over time, but if President Biden serves a second term, they could increase significantly.

A recent report reveals that under the Biden administration, burdensome regulations have led to an average cost of $10,000 per household. Unfortunately, if President Biden is re-elected in 2024 and continues for another four years, this figure could skyrocket further.
The report, authored by Casey Mulligan, an economics professor at the University of Chicago, compares the regulatory records of President Biden, former President Donald Trump, and former President Barack Obama. According to the study, the Biden administration has been imposing new regulatory costs at a faster pace than the Obama administration.
At a rate of $617 billion per year of rulemaking, the Biden administration has been adding significant regulatory costs, not counting those created by statutes and other non-rule regulatory actions.
Mulligan's calculations demonstrate that the additional costs of Biden-era rules equate to about $9,600 per household, considering both current and expected future costs. These costs are spread over time, but if President Biden serves a second term, they could increase significantly.

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