Lanhee Chen: The Real-World Impact of Regulatory Reform
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August 11, 2017
On the campaign trail last year, Donald Trump vowed repeatedly to cut and limit federal regulations that threaten to kill jobs and restrict economic growth.
So far, he’s made good on that promise.
A study just out from the American Action Network found that in their first six months, the Trump administration has proposed regulations at a far slower rate than during a similar period of time during the Obama administration.
And for every new regulation the Trump administration has proposed, they have cut sixteen existing ones.
The impact of these changes is both dramatic and impressive. The report concludes that President Trump has imposed 1/20th of the lifetime costs, 1/11th of the annual costs, and 1/8th of the paperwork burden that President Obama did during his first 100 days in office.
Regulatory reform doesn’t grab headlines, and the mainstream media doesn’t often talk about its impact. But make no mistake. President Trump’s policy in this area will pay big dividends for America’s workers, its companies, and our nation’s economy.
So far, he’s made good on that promise.
A study just out from the American Action Network found that in their first six months, the Trump administration has proposed regulations at a far slower rate than during a similar period of time during the Obama administration.
And for every new regulation the Trump administration has proposed, they have cut sixteen existing ones.
The impact of these changes is both dramatic and impressive. The report concludes that President Trump has imposed 1/20th of the lifetime costs, 1/11th of the annual costs, and 1/8th of the paperwork burden that President Obama did during his first 100 days in office.
Regulatory reform doesn’t grab headlines, and the mainstream media doesn’t often talk about its impact. But make no mistake. President Trump’s policy in this area will pay big dividends for America’s workers, its companies, and our nation’s economy.
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