The Biden administration has outpaced other recent presidents in issuing significant regulations that place a financial burden on taxpayers, according to a report from the Competitive Enterprise Institute.
Under President Joe Biden, the federal government completed 89 economically significant rules in 2022, defined as those with at least a $100 million economic impact, which is higher than any point in the Bush, Obama and Trump administrations when deregulation is accounted for, according to CEI’s “Ten Thousand Commandments Report.” Regulations as a whole resulted in $1.939 trillion in added costs for the average American in 2022, exceeding every form of tax except income tax, which it rivals at $2.263 trillion.
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