Sunday, August 25, 2024

US_ Professor: Biden-Harris Regulations Cost Families $47K

NEWSMAX

Professor: Biden-Harris Regulations Cost Families $47K

By Charlie McCarthy | Tuesday, 20 August 2024 12:42 PM EDT

Biden-Harris administration regulations are on pace to cost the average American family $47,000, according to a University of Chicago economics professor.

The amount in net present value corresponds to an annual cost of $6,300 for 10 years or an annual cost of $3,300 forever to each family, Casey Mulligan, Ph.D., said in a report for the Committee to Unleash Prosperity.

That's almost twice the costs imposed during President Barack Obama's first term.

By comparison, even without counting Operation Warp Speed, President Donald Trump's first term saved each household $11,000.

Trump, the Republican presidential nominee, is seeking to return to the White House. He will oppose Vice President Kamala Harris in November's presidential election.
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READ MORE: https://www.newsmax.com/newsfront/joe-biden-kamala-harris-administration/2024/08/20/id/1177193/

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