When Trump was campaigning for president, he promised to cut two old government regulations for every new one. He is keeping that promise so far, and that’s great news for the American people.
The Washington Examiner reports:
Promise kept: Trump killed 2 old regs for every new 1, $645 million saved
The Trump administration has fulfilled one of the president’s key campaign promises to wipe out costly Obama-era regulations, according to a new fiscal year ending report card on the effort.
The American Action Forum found that the administration kept its one in, two out plan and saved $645 million, and has another $600 million in savings on the way.
“By any measure, it has been a significant period for regulatory reform,” wrote Dan Goldbeck, a research analyst for regulatory policy at the American Action Forum, the center-right policy shop headed by former Congressional Budget Office Director Douglas Holtz-Eakin.
The regulatory cutting has become a Washington fixation with congressional Republicans leading the way after Inauguration Day with huge cuts made through the Congressional Review Act. Trump also signed Executive Order 13,771, demanding more cuts and calling on agencies to consider the cost of regulations before adding more.
This will have a tremendous positive impact on business and job creation. The media has failed to notice this but that’s not a surprise, is it?