A new report reveals that regulations implemented under President Joe Biden have significantly increased the financial burden on American families. According to the report, these regulations have cost the U.S. economy over $1 trillion and have led to an additional expense of $15,133 per household annually. The House GOP and other critics argue that these regulatory measures, which they term 'Bidenflation,' have caused Americans to spend over $12,000 more each year on basic necessities compared to three years ago. Joe Biden’s unnecessary regulations have cost the average American family almost $10,000. Former Vice President Mike Pence has called on Congress to cut red tape and stop what he describes as an 'avalanche of Government Regulations' that are 'killing the American dream.'