The Biden administration’s extensive regulations have inflicted a staggering financial burden on American households, according to the Committee to Unleash Prosperity. With costs reaching $10,000 per household by the end of 2021 and potentially soaring to $60,000 per home by a potential second term, concerns over fiscal strain intensify. The report highlights a wide range of regulations spanning various sectors, including energy, healthcare, and telecommunications. Notably, Biden’s executive action on student loan forgiveness alone is estimated to cost billions. Despite Supreme Court setbacks, the administration persists with proposals for debt relief. The report also reveals the high costs associated with vaccination and testing rules, price controls on medicines, and elevated standards for automobile emissions. A stark contrast emerges when comparing the financial impact of Biden’s regulations to Trump’s deregulation efforts. To delve deeper into this issue, tap the link in our bio.
