Biden Administration Adds $10 Billion in Red Tape
From a study by the American Action Forum (AAF):
Despite Monday being a federal holiday, Federal agencies collectively announced $9.4 billion worth of regulatory costs in a four-day span, from 16 January to 19 January.
Overall, the Biden Administration has added approximately $454.2 billion in regulations since Biden first took power in January of 2021, reports Eric Lendrum in American Greatness.
(T)hat amount is double the cost added in the first four years of the Obama Administration, and 15 times more than the costs implemented by the first term of the Trump Administration.
As the DOE’s latest expenditures suggest, a significant portion of new federal regulations revolve around Biden’s “green energy” agenda to combat so-called “global warming.”
Another major agenda item that has increased costs is Biden’s attempt to cancel student loan debt, although he has faced resistance from the Supreme Court over the legality of such a program on a nationwide scale.