Rolling Back Job Killing Regulations:
President Trump is rolling back wasteful and costly regulations that have stood in the way of hardworking Americans.
President Trump signed an Executive Order, mandating that two regulations must be eliminated for every regulation created in order to reduce compliance costs.
● The Administration actually eliminated 22 regulations for every new regulatory action.
The Administration issued 67 deregulatory actions while only imposing three new regulatory actions.
● In FY 2017, the Administration saved $8.1 billion in lifetime net regulatory cost savings, equivalent to $570 million per year.
Throughout 2017, President Trump has made good on his promise to cut red tape, and in doing so has reenergized the United States’ agricultural, energy, and infrastructure sectors by freeing them from oppressive and stifling regulations.
President Trump has signed 15 Congressional Review Act resolutions into law, more than any other president, ending burdensome Obama-era rules and regulations.
● According to a study by NERA Economic Consulting, implementing the Obama Administration’s plan under the Paris Climate Agreement could have cost the United States economy nearly $3 trillion and 6.5 million industrial sector jobs by 2040.