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Our $10,000,000,000,000 Federal Government

We mentioned yesterday that Biden has been on an anti-business regulatory jihad in recent weeks. This regulatory noose is like a second tier of tax on the American economy, and the National Association of Manufacturers estimates these annual costs of slightly more than $3 trillion.

Meanwhile, Joe Biden has requested a federal budget for the next fiscal year of $7.3 trillion. Add it up, and we now have a government that is sucking $10 trillion of resources out of our private economy.

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