U.S._ Biden costs taxpayers $309B with reversal of Trump deregulation agenda, analysts say

THE WASHINGTON TIMES

Biden costs taxpayers $309B with reversal of Trump deregulation agenda, analysts say

President Joe Biden speaks during a rally for Maryland Democratic gubernatorial candidate Wes Moore at Bowie State University in Bowie, Md., Monday, Nov. 7, 2022. (AP Photo/Julio Cortez) more >


By Jeff Mordock - The Washington Times - Tuesday, November 8, 2022


The Biden administration has buried taxpayers and businesses under a flurry of new regulations that cost the U.S. economy more than $309 billion and exacerbated inflation, according to a new analysis.

At this point under the previous administration, Mr. Trump’s deregulatory agenda had saved the economy more than $3 million, said the study.

The Biden administration, by contrast, has issued 450 new rules through Nov. 4, requiring nearly 197 million hours in paperwork for businesses, found the study by the American Action Forum, a right-leaning economic think tank.

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READ MORE: https://www.washingtontimes.com/news/2022/nov/8/biden-reverses-trump-deregulation-agenda-new-rules/

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