According to a recent report by the Committee to Unleash Prosperity, regulations issued by the Biden-Harris Administration have cost the average American household a total of nearly $50,000. From its electric vehicle mandate—expected to increase the price of a new vehicle by more than $6,000—to restrictions on household appliances and energy production, this kind of burden on families is unsustainable.
This is in striking contrast to the executive policies of the Trump Administration. Cuts to red tape at federal agencies under President Trump saved almost $11,000 per American household.
Meanwhile, while campaigning for president, Vice President Kamala Harris has proposed policies such as eliminating much of the 2017 tax cut bill alongside price control proposals which demonstrate a fundamental misunderstanding of market forces and basic economics. It appears Vice President Harris has not learned the lessons of the last four years during which government spending has led to inflation over 20 percent and a decline in real wages since she and President Biden took office.
