Biden administration quietly burdened Americans with $201 billion in hidden taxes last year

FEE’s Brad Polumbo writes, “President Biden campaigned on moderation and a ‘return to normal.’ Yet, on the regulatory front, the Biden administration has been far more aggressive than previous administrations—both Republican and Democratic. At least, that’s the finding of a new report from the center-right American Action Forum (AAF).

Biden Administration Quietly Burdened Americans with $201 Billion in Hidden Taxes Last Year, Report Finds@brad_polumbo explains:https://t.co/bs7HNlZuM3

— FEE (@feeonline) January 25, 2022

Analysts Dan Goldbeck and Dan Bosch reviewed President Biden’s first year in charge. They found that through regulatory actions and executive orders, this administration imposed more than $201 billion in regulatory costs—and 131 million hours of new annual paperwork on Americans.

That’s nearly 40 times more costs imposed than during President Trump’s first year. Yet in perhaps a more apt comparison of presidents from the same party, the report finds that Biden’s regulatory expenses are even three times greater than those incurred during Obama’s first year.”

Read the entire column.