This is Garrison Hardie with your CrossPolitic Daily News Brief for Thursday, November 30th, 2023. 
 
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https://www.dailysignal.com/2023/11/29/hidden-tax-how-much-does-regulation-cost-average-american-family/
 
Here’s How Much Regulations Cost Average American Family—and How Biden Is Making It Worse
 
FIRST ON THE DAILY SIGNAL—Americans expect to pay federal taxes, but the federal government also picks their pockets in more hidden ways, and President Joe Biden is making the problem worse in pursuing his political agenda, according to the Competitive Enterprise Institute.
 
American households pay at least $14,000 in hidden regulatory costs every year,” Wayne Crews, the Fred L. Smith fellow in regulatory studies at the institute, says in a new video provided exclusively to The Daily Signal.
 
10,000 Reasons to Reform the Regulatory State- Play 0:00-1:18
 
His analysis—the latest in a series of annual reports—finds that the average American household pays $14,514 annually in a hidden regulatory cost.
 
Crews calculated the costs of regulation on the entire economy as $1.939 trillion, and found the average cost per household by dividing that gargantuan number by 133.6 million households.
 
While federal law requires an annual estimate of the cost of regulation, the federal government has not met that requirement since 2002, according to the report. While the Office of Management and Budget has estimated some costs and benefits of major rules, the report finds those analyses incomplete because they do not encompass all rulemaking in each year.
 
Crews’ report uses a baseline of roughly $1.9 trillion for the costs of federal regulation, encompassing compliance costs, economic losses and losses in gross domestic product, social costs, and other costs. The analyst took recent government reports into account to reach the $1.939 trillion figure, although he acknowledged that it represents an estimate “based on a nonscientific, disclaimer-laden, of GDP losses and compliance costs derived from available official data and other accessible sources.”
 
The $1.9 trillion represents more than three-fifths the level of corporate pretax profits in 2022 ($3.138 trillion) and a far larger number than estimated corporate tax revenues ($382 billion).
 
The report notes that while President Donald Trump’s four years “brought unique reversals, such as a reduced flow of new rules and some rollbacks of existing ones”, President Joe Biden reversed those trends. “Unprecedented open-ended deficits now standing at $1.4 trillion annually are expected to top $2 trillion annually by 2030,” Crews writes. The national debt is nearing $34 trillion (at $33.8 trillion now, according to the U.S. Treasury), which Crews notes is “up from almost $20 trillion when Donald Trump assumed office in 2017.”
 
The report notes that Biden has launched many “whole-of-government interventions,” most notably on climate change and rooting out “inequity from our economy.”
 
“These efforts have accelerated a long-standing process that is replacing self-determination and limited government with top-down behavioral, social, and civil rights codes,” Crews writes.
 
Regulations issued by the executive branch far outstrip the number of laws Congress passes each year. During the 2022 calendar year, agencies issued 3,168 rules, while Congress enacted only 247 laws.
 
While taxes clearly impact Americans’ pocketbooks an