No one knows Washington secrets like Paul Bedard. This longtime D.C. reporter joined the Washington Examiner in 2012 after penning U.S. News & World Report's premiere political column, 'Washington Whispers,' for more than a decade. In addition to his Washington Secrets column, check out his signature feature, 'Liberal Media Scream.
Federal paperwork requirements required by President Joe Biden’s expanding regulations cost taxpayers and companies over 10 billion hours a year, the equivalent of 15,000 “human lifetimes of work, sleep, play, and everything in between,” according to new agency reports.NOVEMBER TO REMEMBER: VIRGINIA ELECTIONS COULD LAUNCH YOUNGKIN NATIONAL RUN
In his new report on red tape, Clyde Wayne Crews, the regulatory expert at the Competitive Enterprise Institute, said the bulk of regulations burdening the nation is in tax and health care. “Predictably, the bulk -- 6.6 billion hours -- come courtesy of the Treasury Department and income tax compliance. Health-care is paperwork-laden, as the 1.6 billion hours attributed to the Department of Health and Human Services attest,” he said.Since Biden entered the Oval Office, federal agencies have been increasing regulations and dismantling former President Donald Trump’s deregulation agenda.
And the Biden administration in some cases doesn’t even estimate the burden of regulations, choosing instead to “sweep independent agency regulation costs under the rug,” said Crews. He added, “We need any and all footholds we can get with respect to independent agency disclosures and review, especially as these assume greater prominence given a regulatory state intensifying under the malign policies of ‘Bidenomics.’ For example, one SEC commissioner claimed new reporting requirements on climate and ESG will inflate reporting costs, lately around $2 billion, to over $8 billion.
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