Throughout the four years that they have been in power, Joe Biden and Kamala Harris have done a ton of damage to this country. However, there’s arguably nobody that they have hurt more than the American taxpayer.
Under the Biden-Harris regime, the economy is now in shambles and inflation has skyrocketed. Taxes have dramatically increased, leaving millions of Americans struggling just to put food on the table.
Now, a damning new report has come out showing that what Biden and Harris have done to this country is even worse than we thought. Indeed, their regulatory costs are far higher than we ever could have imagined.
From The Daily Caller:
The Biden-Harris administration has put in nearly $1.78 trillion worth of rules and regulations as of October since January 2021, with much of that being finalized in the last year, according to the American Action Forum (AAF).Just since January, the federal government has produced $1.46 trillion in total net costs from various rules and regulations, with $1.33 trillion in new costs coming from finalized rules, according to the AAF. The total number of finalized regulations put in place this year is 327 as of Nov. 1.
President Joe Biden’s added regulatory costs are dramatically higher than those of former Presidents Donald Trump and Barack Obama, according to the AAF. In the same amount of time it took Biden to rack up the nearly $1.78 trillion in regulations, the Obama administration reached $490.5 billion in 2012, and the Trump administration hit $3 billion in 2020, according to the AAF.
On top of that, last month, Biden-Harris’ Environmental Protection Agency’s (EPA) announced a new rule that aims to replace lead pipes in the U.S. within the next decade. According to the AAF, this rule will likely incur annual costs of $1.47 billion to $1.95 billion.
That sounds like exactly what American taxpayers need right now…NOT!
The economy is currently more important than ever to Americans. Indeed, 52% of voters in the 2024 election cycle described it as the most important issue, according to an October 9 poll from Gallup. This report would obviously enrage Americans everywhere. That’s why the mainstream media will undoubtedly sweep it under the rug as quickly as possible.
This is what happens when we have a radically liberal administration in charge that is far more concerned with enacting woke policies than they are about keeping spending down. American taxpayers are perhaps the last people that Biden and Harris are concerned about. After all, they’ve shown throughout their time in power that they care far more about illegal aliens than they do about actual American citizens who pay their taxes.
This AAF report exposes the cold hard truth about just how wasteful Biden and Harris have been. Sadly, American taxpayers have been the ones who have had to pay for it.
America as a nation simply can’t afford to have four more years of this. Unlike Biden and Harris, Donald Trump actually kept the American taxpayer in mind during his presidency. He did everything he could to ensure that the government wasn’t overspending and taking our hard-earned tax dollars for granted. That’s why it comes as no surprise that his regulatory costs were far lower than Biden’s.
In the end, this report perfectly sums up the legacy of the Biden-Harris regime. Shame on them both.
Key Takeaways:
- Biden-Harris piled on nearly $1,78 trillion in regulatory costs.
- Their regulatory costs are far higher than Trump’s and Obama’s.
- A new EPA rule will likely incur annual costs of $1.47 billion to $1.95 billion.
Sources: The Daily Caller, American Action Forum
