Trump administration believes deregulation will boost incomes by $3100

The Hill:
President Trump's approach to federal regulations will raise real incomes annually by $3,100 per household after five to 10 years, the White House Council of Economic Advisers (CEA) estimated in a report released Friday.

“Deregulation is the cornerstone of the president's pro-growth economic policies,” Tomas Philipson, a CEA member, said on a call with reporters.

The Trump administration has rolled back regulations issued by previous administrations and has also introduced new regulations at a slower rate than past administrations.

CEA focused much of its report on 20 of the administration's deregulatory actions, which it said will save consumers and businesses about $220 billion per year once they fully take effect.

The council said that the Trump administration's actions will have a bigger impact than the deregulation of the trucking and airline industries started under former President Jimmy Carter's administration.

CEA said that the administration's approach to regulations reduces prices in areas such as health care and telecommunications.
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I think they have already had an enormous impact on job growth as companies can focus on growing their business rather than having to deal with bureaucratic nonsense.

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