Biden’s ‘swamp’ hit households with $16,000 ‘hidden tax’
New rules added by the federal “swamp” during the Biden administration raised the “hidden tax” of regulations to $16,016 on households, a new record that President Donald Trump has pledged to cut.
Regulations pumped out by former President Joe Biden’s team in his last year also set a new cost record of $2.15 trillion, according to a new report from the Competitive Enterprise Institute.
And that report, the much-anticipated annual “Ten Thousand Commandments” bible of federal regulations, said the price tag “was certainly an undercount” since identifying all new and old regulations is difficult.
The new 146-page report, shared with Secrets, said that when compared to other costs families face, the impact of higher prices driven by federal regulations puts their cost above “healthcare, food, transportation, entertainment, apparel, services, and savings. Only the costs of housing, which stand at $25,436 annually, exceed regulation.”
https://www.msn.com/en-us/news/politics/biden-s-swamp-hit-households-with-16-000-hidden-tax/ar-AA1DxVKp?ocid=widgetonlockscreen&cvid=fbde2733f85645b197e990cbdae142bd&ei=57
