Biden's regulations costing Americans thousands of dollars
Joe Biden's slew of regulations implemented over the course of his two-and-a-half years running the country have cost every American household nearly $10,000.
If the president continues on his current regulation path and is reelected for a second term in 2024, according to the report from the Committee to Unleash Prosperity, Americans could be slammed with a $60,000 increase in costs by 2028.
Meanwhile, estimates from the report found that former President Trump ended up decreasing the cost of Americans by nearly $3,000 per year during his four year term.
The analysis comes as President Biden unveiled on Wednesday his 'Bidenomics' plan during a speech in Chicago.
The new proposal attempts to project a vision of middle-class prosperity by taxing the wealthiest and using those funds to invest in national security interests like semiconductors and education for middle-class Americans.
Just last week a DailyMail.com poll revealed that 52 percent of all voters believe they are worse off since Biden took office.
When comparing the rise in regulatory costs put on American households under the last three presidencies, Biden has increased the burden the most relative to his short time in office up against predecessor Donald Trump and his former boss Barack Obama.
Trump-era chief economist on the White House Council of Economic Advisers Casey Mulligan conducted the report and concluded that 'government regulation may be the single greatest barrier to prosperity.'
The economist and professor at University of Chicago found in his analysis that Biden is surpassing regulatory costs on American households and businesses at a faster pace than Obama.
'The added costs from these Biden-era final rules, which include both their current and expected future costs, amount to almost $10,000 per household,' Mulligan wrote. 'If regulatory costs continue to rise at the same rate as they did during the Obama administration, the total costs of Biden's rulemaking over an eight-year period would almost reach $60,000 per household.'
The report estimates that Obama increased costs on U.S. households by more than $4,000 per year and Biden fell around $5,000 per year for his first term – but Mulligan warns it'a likely to exponentially increase in a second term, should Biden win reelection.
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Biden's transportation policies have been the most expensive. He has driven up the cost of gas and the cost of vehicles. Americans having to struggle with these increased costs would be wise to vote against Democrats until they change their energy policies.
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