A new analysis released Thursday by the Competitive Enterprise Institute (CEI) claims that federal regulations under the Biden administration cost Americans a staggering $2.16 trillion in 2024, effectively saddling households with what the think tank calls a “hidden regulatory tax” of over $16,000.
In its annual report, Ten Thousand Commandments, CEI concluded that these regulatory burdens equate to $16,016 per household. The study estimated that such costs consume roughly 16% of the average household’s income and make up 21% of overall household expenditures.
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