Regulations written by the Biden administration and those before it cost small businesses about $51,000 per employee, a gigantic cost that starves many firms of investments and raises the prices of consumer goods, according to an end-of-year analysis of the administrative state.
Using data from outfits that track red tape, the Competitive Enterprise Institute said the overall $3 trillion impact from rules and regulations has been jacked higher by the Biden administration’s social justice demands and requirements for union labor.