Media too busy attacking Trump to notice the regulatory state is being trimmed dramatically
The Trump administration is apparently cutting enough red tape to start a ticker tape parade. Tasked with a goal of cutting two regulations for every new one enacted, the administration has gone on a tear, slashing rules at a rate of 16 to one in its first six months.This is one of the reasons the economy has been growing since Trump took office. It reduces the cost of doing business and the cost of government at the same time While the media is so busy yelling Russia, Russia, Russia, they have not been keeping up with the progress Trump is making in pushing his deregulatory agenda. And, they have not been able to do the normal Democrat-media move of parading victims of deregulation.
Neomi Reo, the new administrator of the Office of Information and Regulatory Affairs in the Office of Management and Budget, has called this first half-year’s actions “a beginning” and noted that the OMB is going after the “regulatory state.”
The 2017 Unified Agenda of Regulatory and Deregulatory Actions, the OMB’s guidelines covering regulations, reiterates the administration’s commitment to reducing onerous burdens on businesses:By amending and eliminating regulations that are ineffective, duplicative, and obsolete, the Administration can promote economic growth and innovation and protect individual liberty.
Fulfilling longstanding principles to review and assess existing regulations, the Agenda includes the withdrawal and reconsideration of numerous regulatory actions. Agencies have committed to careful assessment of the costs and benefits of each regulatory and deregulatory action, and to prioritizing the maximization of net benefits of regulations. The Agenda recognizes that reform will take time and require rigorous analysis, public input, and careful consideration of a variety of important legal and social values. To this end, the Agenda provides greater information and transparency about regulatory actions proposed by agencies.
The Unified Agenda website reports that 860 regulations have been rolled back so far, cutting economically significant regulations (those with an impact of $100 million or more) by 50 percent. This will not only save the burden of the red tape, but printing costs will drop dramatically as well.