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| Home Front: Politix |
| Regulatory costs soar as Biden adds rules faster than predecessors |
| 2022-01-21 |
| [Washington Examiner] President Joe Biden has blown past both Presidents Barack Obama and Donald Trump in adding regulatory costs in his first year, a new analysis shows. The Biden administration is finishing off its first full year in office with more than $201 billion in regulatory costs and approximately 131 million hours in new annual paperwork, according to research by the American Action Forum, a conservative think tank that closely tracks government rule-making. Biden’s regulatory costs are three times those added in Obama’s inaugural year and nearly 40 times more than in Trump’s first year, the group found. Additionally, Biden’s 131 million hours in annual paperwork attached to its regulations blew past the totals from Trump and Obama by 123 million and 105 million hours, respectively. AAF noted in its research that the single biggest regulatory change during Biden’s first year, which came near the end of 2021, was a rule that changed tailpipe emission requirements for new cars, trucks, and SUVs. The rule requires automakers to meet a fleetwide average of 55 mph by 2026 — a significant jump from the 38 mpg average required today and higher than the 43 mpg standard the Trump administration set for 2026. The total cost of the rule change is expected to be about $180 billion, which makes it the most expensive final rule tracked by the AAF since 2005, the group said. In fact, Biden’s inaugural year in terms of regulatory costs would have fallen to second place behind Obama’s first year had that rule not been approved. |
| Posted by:Slaque Lover of the Algonquins7382 |
| #3 How can a president issue economic rules without the approval of congress? Welcome to the USSA. Accept and submit, Peasant |
| Posted by: Merrick Ferret 2022-01-21 22:11 |
| #2 How can a president issue economic rules without the approval of congress. So the next president says all the past rules are null and void. How do I run my business? |
| Posted by: Gpa Cooky 2022-01-21 19:59 |
| #1 China first. |
| Posted by: Ebbomoger Speaking for Boskone4589 2022-01-21 19:29 |