Trump keeps another promise --Cuts red tape to historic low

Washington Times:
President Trump is living up to his campaign pledge to cut back on red tape, reducing new regulations to a tiny fraction of the burden imposed by previous administrations, a new study said Tuesday.

Cabinet agencies under Mr. Trump finalized only $33 million in costs for new regulations through May 23, compared with an average of $26 billion for the same period in previous administrations dating back to 2005, said Sam Batkins, director of regulatory policy at the American Action Forum.

That’s a regulatory output of just 0.12 percent under Mr. Trump, compared with the historical average.

In the sheer volume of regulations, Mr. Trump has released 8 percent of the historical average of new rules issued by Presidents Barack Obama, George W. Bush and Bill Clinton.
There has also been an increase in proposed regulations that have been withdrawn.  I suspect that this is one reason by economic growth is also increasing.


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