The Biden administration has set in motion a wave of new regulations that have already cost the U.S. more than $1 trillion, which equates to thousands of dollars per family, according to a new report from the Job Creators Network.
There have been $1.6 trillion in costs imposed from a total of 923 new federal regulations that have been finalized under President Joe Biden, with $1.2 trillion of those being put in place in just the past few months, according to the JCN. In just the first two years of the Biden administration, new regulations are estimated to have led to an average of almost $10,000 in added future and present costs to American households, which could jump to $60,000 if the trend continues across a two-term presidency.
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