healthmyths
Platinum Member
- Sep 19, 2011
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Yes we know that inflation is more with Biden versus Trump BUT let's be accurate about the actual figures.
I took the below figures and adjusted for Covid's affect on inflation after 2020 truly affected rate under Trump AND
the Covid affect on Biden's 2021 rate which again was abnormally higher due primarily to Covid.
So the reality is that under Trump the average for the average of 3 years (not including 2020) versus Biden's 3 years (not including 2021) shows Biden's policies i.e. taxes, NEW regulations, attacks on "fossil fuels", etc. had a 105% increase
for 3 years over Trump. For example just in rules and regulations:
Professor Thomas Hopkins of the Rochester Institute of Technology, say it's closer to $700 billion.
www.heritage.org
Trump reduced federal rules and regulations with the following ratio:
According to the administration, agencies in the 2020 fiscal year issued 145 deregulatory actions and 45 significant regulatory actions, for an out-to-in ratio of 3.2 to one.
Of those deregulatory actions, 58 were deemed “significant” by agencies and the administration.
www.forbes.com
Why it matters: No president has killed more regulations using an obscure law known as the Congressional Review Act than Donald Trump, who likely would target much of Biden's body of work if he wins this fall.
The law has been successfully invoked just 20 times since it was passed in 1996.
But the first two years of the Trump presidency — which featured GOP control of the House and Senate — account for 80% of its use.
REALITY:
Mr. President, regulations have been coming thick and fast from the Biden administration lately as the administration races to squeeze in regulations before the deadline after which they could be overturned by a new Congress.
“A recent spate of regulations brought the total regulatory costs imposed by the Biden administration in 2024 to over $1 trillion. “In just one year.
“All told, the Biden administration has imposed a staggering $1.47 trillion in regulatory costs since the president took office.“$1.47 trillion.
“Compare that to President Trump, who had actually reduced regulatory costs by this point in his administration."
www.thune.senate.gov
Folks... these costs are added to the businesses costs of doing business!
$1.47 trillion added to the goods and services prices WE Pay businesses as consumers all due to increasing the number of bureaucrats, overhead, etc. FACT:
President Joe Biden's fiscal year 2022 budget anticipates a more than 50,000 full-time-equivalent employee increase to the federal payrolls
Feds could add 50,000 new workers under Biden’s 2022 budget
I took the below figures and adjusted for Covid's affect on inflation after 2020 truly affected rate under Trump AND
the Covid affect on Biden's 2021 rate which again was abnormally higher due primarily to Covid.
So the reality is that under Trump the average for the average of 3 years (not including 2020) versus Biden's 3 years (not including 2021) shows Biden's policies i.e. taxes, NEW regulations, attacks on "fossil fuels", etc. had a 105% increase
for 3 years over Trump. For example just in rules and regulations:
Professor Thomas Hopkins of the Rochester Institute of Technology, say it's closer to $700 billion.
The Cost of Federal Regulation
If lawmakers want to lower the cost of government, they need to do more than cut taxes. They need to pare back federal regulations-those countless rules that drive up business and consumer costs. In fiscal year 1998, 53 federal departments and agencies spent $17 billion writing and enforcing...
www.heritage.org
Trump reduced federal rules and regulations with the following ratio:
According to the administration, agencies in the 2020 fiscal year issued 145 deregulatory actions and 45 significant regulatory actions, for an out-to-in ratio of 3.2 to one.
Of those deregulatory actions, 58 were deemed “significant” by agencies and the administration.
Status Report: What Regulations Did The Trump Administration Eliminate In 2020?
After four years of the Trump administration's well-known "one-in, two-out" campaign to streamline federal regulation, here's a look at where things concluded.
www.forbes.com
The law has been successfully invoked just 20 times since it was passed in 1996.
But the first two years of the Trump presidency — which featured GOP control of the House and Senate — account for 80% of its use.
REALITY:
Mr. President, regulations have been coming thick and fast from the Biden administration lately as the administration races to squeeze in regulations before the deadline after which they could be overturned by a new Congress.
“A recent spate of regulations brought the total regulatory costs imposed by the Biden administration in 2024 to over $1 trillion. “In just one year.
“All told, the Biden administration has imposed a staggering $1.47 trillion in regulatory costs since the president took office.“$1.47 trillion.
“Compare that to President Trump, who had actually reduced regulatory costs by this point in his administration."
Thune: Americans Pay the Price for Biden’s Regulatory Rampage
Click here to watch the video. WASHINGTON — U.S. Sen. John Thune (R-S.D.) today spoke on the Senate floor about the consequences of the Biden administration’s out-of-control regulatory regime. Thune noted that President Biden’s burdensome regulations have led to increased prices for families...
www.thune.senate.gov
$1.47 trillion added to the goods and services prices WE Pay businesses as consumers all due to increasing the number of bureaucrats, overhead, etc. FACT:
President Joe Biden's fiscal year 2022 budget anticipates a more than 50,000 full-time-equivalent employee increase to the federal payrolls
Feds could add 50,000 new workers under Biden’s 2022 budget
