The purpose of this election is very simple: Make America Great Again
@SebGorka
Explore more by visiting https://t.co/zuAkf6v79l https://t.co/ZCRkyIsdfS https://video.twimg.com/ext_tw_video/1811077328627228672/pu/vid/avc1/720x1280/E1-Q2mQE0BLlAdz9.mp4?tag=12
This week, the House Small Business Committee is holding a hearing, Main Street Realities: Examining the Current Economic Landscape in America. The CPAC Foundation’s Center for Regulatory Freedom (CRF) has been closely examining the rapid acceleration of regulatory growth under the Biden administration, and the findings are alarming. Regulatory costs have surged by nearly 16% annually, increasing the burden of the regulatory state by more than 50% in just over three years. This pace has even surpassed the Obama administration's regulatory growth, which we had previously criticized for its 11.72% annual increase.
The Obama-Era Regulatory Surge
When President Obama took office in 2009, he inherited a regulatory state costing just over $900 billion. Under his administration, regulatory costs skyrocketed to approximately $2.25 trillion, with an annual growth rate of 11.72%. This rapid increase placed a heavy burden on America's small businesses. The per-employee, per-year (PEPY) regulatory cost for small businesses jumped from $7,762 to nearly $19,000 by the end of his term.
The Trump-Era Regulatory Slowdown
In stark contrast, President Trump aimed to combat regulatory excesses by pledging to discard two regulations for every new one implemented. Although it’s unclear if this specific promise was fulfilled, the overall growth rate of regulatory costs slowed dramatically to just 0.33% annually during his term. This period of regulatory stability allowed for significant economic benefits, with the PEPY cost for small businesses rising only marginally from $18,838 to $19,088.
Biden's Regulatory Expansion
Under President Biden, we anticipated a return to Obama-era regulatory levels. However, the actual regulatory growth has been even more aggressive, with costs soaring from $2.28 trillion to $3.65 trillion—a 60% increase in just three and a half years. The PEPY cost for small businesses has surged from $19,088 to $33,105. For a business with ten employees, this translates to an astronomical rise in regulatory costs from $190,880 to $331,050, with a further $2.5 million in lost opportunities due to diverted resources.
The Path Forward
The Supreme Court's recent decision in LoperBright has given hope for reining in the regulatory state. However, two paths lie ahead: one where regulatory growth continues at its current unsustainable rate of 15.85% annually, and another where it reverts to the more manageable 0.33% annual growth seen under President Trump.
If regulatory costs grow at 0.33% per year from now until 2030, the aggregate cost will reach $3.716 trillion, with the PEPY cost for small businesses at $33,706.85. Conversely, if the current growth rate persists, the total cost will soar to $7.6 trillion, with the PEPY cost hitting $69,520.50.
A regulatory state costing the American economy over $7.5 trillion would have devastating effects on GDP, household incomes, and the overall health of society. As we consider the future of America’s small business sector, it is crucial to address these regulatory trends and take steps to ensure the nation remains on a sustainable path. https://video.twimg.com/ext_tw_video/1811074044038389760/pu/vid/avc1/720x1280/bfvuSEHVXKpOJN-4.mp4?tag=12
The Supreme Court got it right. Jack Smith tried to rush this case to trial before the election, but continues to fail.
@mattwhitaker46
Explore more by visiting https://t.co/zuAkf6v79l https://t.co/4JzNfp0ELv https://video.twimg.com/ext_tw_video/1811065921987051520/pu/vid/avc1/720x1280/hK_FdB-mQHAu6LXc.mp4?tag=12
Top News: Report: President Biden’s $230M Taxpayer-Funded Gaza Pier to Be Dismantled Permanently
President Joe Biden’s $230 million American taxpayer-funded Gaza pier is... continue reading at https://t.co/IQMlOcZBnX
More news at https://t.co/uXhxvLKYj4
@BreitbartNews https://t.co/rSBOVj1EYi https://video.twimg.com/ext_tw_video/1811053129086943233/pu/vid/avc1/720x1280/a51Fs0Ko8TZAztAi.mp4?tag=12
Top News: Exclusive — Rep. Chip Roy: SAVE Act Adds Safeguards to Stop Non-Citizens from Voting in Federal Elections
The Safeguard American Voter Eligibility (SAVE) Act, which... continue reading at https://t.co/IQMlOcZBnX
More news at https://t.co/uXhxvLKYj4
@BreitbartNews https://t.co/IFfs62Nx6s https://video.twimg.com/ext_tw_video/1810779866851119104/pu/vid/avc1/720x1280/QBPJeH8W1shsQuUI.mp4?tag=12
Top News: New York Times: Defiant Biden 'Embarrassing Himself'
If Democrats expect to defeat former President Donald Trump in November, their leaders must tell President Joe Biden... continue reading at https://t.co/TO1FWkF341
More news at https://t.co/uXhxvLKqtw
@NEWSMAX https://t.co/8ddjscYf8M https://video.twimg.com/ext_tw_video/1810777551146807296/pu/vid/avc1/720x1280/WbUDGWgZcrfnwBGZ.mp4?tag=12
CPAC Investor Summits are crucial to setting the tone for our organization’s work in the next year. They are a major way we make sure our supporters are involved in and knowledgeable of the work they make possible at CPAC. Through connections with conservatives from different parts of the country and remarks from conservative leaders on the front lines of the battle to save America, CPAC Investor Summits are unique events that grow, energize, and inform the conservative movement.
Attending a CPAC Investor Summit gives our supporters the one-of-a-kind opportunity to participate in forming the future of the organization and the conservative movement at large. Our supporters get to share their ideas and experiences with one another while growing their personal network of patriots. They get exclusive access to CPAC and movement leaders to exchange opinions and updates all while receiving a boost of enthusiasm to spread the conservative message and save America.
Save the date for our upcoming Investor Summit at Mar-a-Lago Club in Palm Beach, Florida November 14-16 at https://t.co/xklQJgOhYG. https://video.twimg.com/ext_tw_video/1810822120529649664/pu/vid/avc1/720x1280/vrAnANAafm0-yzMz.mp4?tag=12
Top News: Biden’s Idea Of ‘Secure Elections’ Is Letting People Who Might Not Be Citizens Keep Voting
As congressional Democrats are preparing to fight legislation that would require... continue reading at https://t.co/JUHC9CJKBp
More news at https://t.co/uXhxvLKYj4
@FDRLST https://t.co/RZWi616HZ6 https://video.twimg.com/ext_tw_video/1810699211052093440/pu/vid/avc1/720x1280/wE9Xdo5I8Le5qER1.mp4?tag=12
Under Biden, America faces a national security risk
@realdonaldtrump
Explore more by visiting https://t.co/zuAkf6vEYT https://t.co/9tc9TbGJPC https://video.twimg.com/ext_tw_video/1810774116103786497/pu/vid/avc1/720x1280/_f5ofm6ufxl8EzfY.mp4?tag=12
Americans do not believe Joe Biden has the physical or mental capacity to run the country
@kleavittnh
Explore more by visiting https://t.co/zuAkf6vEYT https://t.co/4L7F39v8RB https://video.twimg.com/ext_tw_video/1810765372498321408/pu/vid/avc1/720x1280/CsBD7LZ3p44PesD-.mp4?tag=12
Top News: Biden Critics Inside Democrat Party Lay Down Their Arms: ‘It’s Over’
“Very few members will openly speak in favor of Biden stepping aside,” a House Democrat told... continue reading at https://t.co/IQMlOcZBnX
More news at https://t.co/uXhxvLKYj4
@BreitbartNews https://t.co/EwKiSAxOze https://video.twimg.com/ext_tw_video/1810696696340344832/pu/vid/avc1/720x1280/9y_leHyiKN1RQIla.mp4?tag=12
The purpose of this election is very simple: Make America Great Again
@LaraLeaTrump
Explore more by visiting https://t.co/zuAkf6vEYT https://t.co/7uSqVu1e93 https://video.twimg.com/ext_tw_video/1810744460122230784/pu/vid/avc1/720x1280/2LzcUQCR9H1m2hCa.mp4?tag=12
Top News: Trump Holds Rally in Florida as Running Mate Suspense Builds
Republican presidential candidate Donald Trump will hold a campaign rally at his golf club near Miami on Tuesday... continue reading at https://t.co/TO1FWkFATz
More news at https://t.co/uXhxvLKYj4
@NEWSMAX https://t.co/ksB833TZhm https://video.twimg.com/ext_tw_video/1810694797507600384/pu/vid/avc1/720x1280/Dmsr0tdOLlJHrlHv.mp4?tag=12
Conservatives were celebrating last week at the Supreme Court’s ruling on Trump v. United States and the week before at Fischer v. United States, and though these rulings made some progress toward a fairer justice system, they do not totally eliminate political weaponization of the justice system, and they actually underscore the deep corruption and abuse within the Biden DOJ.
As CPAC stated in response to Trump v. United States, “the decision does not go far enough.”
The decision still does not shut down illegal prosecution of political opponents as we know the Left has no regard for the law. Justice Clarence Thomas’ opinion hinted at this, indicating that Special Counsel Jack Smith is not legally permitted in his position to prosecute and is using illegal means to attack President Trump.
“If there is no law establishing the office that the Special Counsel occupies, then he cannot proceed with this prosecution. A private citizen cannot criminally prosecute anyone, let alone a former President,” wrote Thomas.
The Fischer v. United States ruling likewise pointed to the Left’s preference for illegal means to prosecute conservatives. In this case, the Supreme Court simply made official what conservatives and many Americans have been saying all along about the prosecution of J6ers that the felony charges brought against them were unconstitutional.
So, while these recent rulings righted some of the wrongs made by the Biden DOJ, the work is not yet over. More than ever, in fact, conservatives need to vigilant in keeping a close eye on the DOJ and justice system and holding the corrupt officials in them accountable.
CPAC is leading the efforts to hold Biden’s corrupt DOJ accountable for their abuse of the justice system and you can join these efforts by adding your name to our petitions supporting President Trump and calling for the impeachment of Attorney General Merrick Garland at https://t.co/1l1gi5duEq. https://video.twimg.com/ext_tw_video/1810706710761496577/pu/vid/avc1/720x1280/J5BB3MgblanAsx_x.mp4?tag=12
Top News: The Case For Congress Subpoenaing Biden’s Medical Records
Congressional lawmakers have every reason to demand access to President Joe Biden’s medical records... continue reading at https://t.co/JUHC9CJKBp
More news at https://t.co/uXhxvLKYj4
@FDRLST https://t.co/aNS83JJYf3 https://video.twimg.com/ext_tw_video/1810691435680727040/pu/vid/avc1/720x1280/yowU6C7N7n_L6EuH.mp4?tag=12
🚨THIS WEEK: The U.S. House is scheduled to vote on HR 8281 - SAVE Act - @CPAC Supports ✅
The SAVE Act prevents noncitizens from voting in federal elections by requiring proof of citizenship when registering to vote.
Thank you to @ChipRoyTX (CPAC Lifetime 98%) and @BasedMikeLee (CPAC Lifetime 99%) for sponsoring the SAVE Act. 
🚨NEW REPORTING FROM @WSJ SHOWS MASSIVE COVER-UP OF PRESIDENT BIDEN’S DECLINE:
➡️ In 2022, Biden missed an early evening meeting with the German Chancellor because he went to bed.
➡️Officials started using shorter stairs for Biden when boarding Air Force One to prevent viral videos of falls.
➡️Journalists provided with list of “approved questions” before being granted interview access.
➡️Donors keeping concerns quiet because they don’t want to risk losing access. 
The media can’t cover the mental decline of Joe Biden anymore
Bannon's War Room on @RealAmVoice
Explore more by visiting https://t.co/zuAkf6v79l https://t.co/1dbaWXFy6f https://video.twimg.com/ext_tw_video/1810666853204676608/pu/vid/avc1/720x1280/0gLldKgTH2ucDXgN.mp4?tag=12
The media can’t cover the mental decline of Joe Biden anymore
Bannon's War Room on @RealAmVoice
Explore more by visiting https://t.co/zuAkf6vEYT https://t.co/wdIMvctHbg https://video.twimg.com/ext_tw_video/1810419823773396992/pu/vid/avc1/720x1280/4wh2uZLVnuZODTe0.mp4?tag=12
The pressure is mounting for Joe Biden to drop out
John Solomon on @RealAmVoice
Explore more by visiting https://t.co/zuAkf6v79l https://t.co/wem4FJj8YU https://video.twimg.com/ext_tw_video/1810344178422824960/pu/vid/avc1/720x1280/3KnIx6qGjK09Au_1.mp4?tag=12