The Biden administration's unwavering pursuit of policies detrimental to the American people has sent the economy spiraling downward, leading to record inflation and an unprecedented rise in government regulation that is suffocating businesses and draining the pockets of ordinary citizens.
The Biden administration's catastrophic policies have wreaked havoc on the American economy and the well-being of its citizens. From the surge of illegal immigration overwhelming the border to the alarming rise in crime rates in our largest cities, the consequences of the administration's failed leadership are being felt by Americans in real time.
But perhaps the most devastating impact of Biden's policies has been on the economy. Inflation has reached its highest point in 40 years, soaring nearly 18% since Biden took office, and skyrocketing prices have left American families paying an additional $15,133 each year for essential goods. This burden has fallen particularly hard on low- and middle-income households, who now struggle to make ends meet.
To exacerbate the situation, the Biden administration is relentlessly expanding the size and scope of the federal government, driving up costs for taxpayers and strangling businesses with excessive regulations. The administration's regulatory agenda has spiraled out of control, posing a serious threat to American prosperity and innovation.
Under the Trump-Pence administration, the economy flourished, with record low unemployment rates, rising incomes, and thriving small businesses. These achievements were the direct result of pro-growth policies that unleashed economic potential and created a favorable environment for business investment and job creation.
However, the Biden administration has systematically reversed these gains. President Biden has rolled back three-quarters of Trump's deregulatory actions, imposed hundreds of new environmental regulations, and proposed dozens more. He has also mandated that the federal government reduce its carbon footprint by 2050, a move that will have far-reaching consequences for industries and consumers alike.
These regulations have imposed significant costs on businesses and households. The Biden administration's actions in 2022 alone are projected to cost American taxpayers an estimated $10,000 per household. Essential household appliances, vehicles, and other goods have become more expensive due to these regulations.
Over the past 20 years, the federal bureaucracy has grown steadily, with executive branch civilian employment rising from 1 million in 2000 to 2.2 million in 2021. However, this growth has accelerated dramatically under Biden, leading to a bloated and inefficient government that is a drain on the American economy.
The Biden administration's regulatory overreach is particularly troubling given its plans to end the 2017 Tax Cuts and Jobs Act, which spurred economic growth and job creation. Reinstating higher taxes on businesses will stifle innovation and investment, further harming the economy.
The Biden administration's irresponsible policies are unsustainable and unfair to the American people. The unchecked growth of executive power and the relentless pursuit of regulations are smothering businesses and draining the pockets of hard-working Americans.
The consequences of Biden's actions are dire. The American dream is slipping away as the economy falters under the weight of misguided policies. It is imperative that the administration change course and embrace a pro-growth agenda that will restore economic vitality and opportunity for all.
