The Biden administration has set in motion a wave of new regulations that already have cost more than $1 trillion, which equates to thousands of dollars per family, according to a new report from the Job Creators Network.
About $1.6 trillion in costs have been imposed by a total of 923 new regulations finalized under President Joe Biden, with $1.2 trillion of that put in place in just the past few months, according to the business organization.
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.
“Federal bureaucrats are pushing an unprecedented regulatory agenda that’s crushing American small businesses and families at a time of already high…
