The Trump White House is dramatically reducing the cost of doing business in America, sharply curtailing the volume and price tag of regulations compared with what prevailed under Barack Obama.
A new report by the American Action Forum terms the reductions “historic,” saying the regulatory “freeze” begun by Trump after his inauguration has persisted.
From the report:
The White House has released just 8 percent of the historical volume of regulation. Cabinet agencies have only finalized $33 million in costs, compared to a 2005 to 2017 average of $26 billion. On the cost side, regulatory output is just 0.12 percent of historic norms . . .
During the period covered, the average administration reviewed 190 rules; the Trump Administration reviewed 39. In the average year, there were 33 economically significant reviews; the Trump Administration reviewed just 16. On average, there were 30.8 significant rules approved, not just reviewed; this administration has released ten.
Trump, a businessman who has dealt first-hand with the crippling effects of excessive regulation, is keeping his promise to free up business activity and create jobs.
H/T Washington Examiner.