The numbers show Trump administration has “withdrawn or removed from active status” 860 regulations with more than $100 million savings.
A new report from the Office of Information and Regulatory Affairs indicated President Trump has killed 860 Obama regulations, and saved America economy more than $100 million.
Washington Examiner reported:
“President Trump‘s administration, on orders to kill two regulations for every new one, ripped up the playbook during its first six months, eliminating 16 old rules for every new one, according to top officials.
“It’s really the beginning of a kind of fundamental regulatory reform and a reorientation of where we’re going with regulation,” said Neomi Rao, the newly installed administrator of the Office of Information and Regulatory Affairs in the Office of Management and Budget.
In a briefing with a handful of reporters, Rao laid out the administration’s regulation agenda, declaring, “It’s a beginning…you’re going to see a rollback of regulations.”
Her comments came in advance of Thursday’s release of the Unified Agenda of Regulatory and Deregulatory Actions, a report that typically lays out upcoming economically impactful regulations.
But she said that in the first Trump version, the numbers will show that hundreds of regulations have been killed or shelved, many from the final days of the Obama administration that flooded the system with proposed rules.
The bare numbers will show that the Trump administration has “withdrawn or removed from active status” 860 regulations so far.
The Unified Agenda will also show a 50 percent drop in regulations with an economic impact of $100 million or more, and a 40 percent drop in other less expensive rules.
The administration last week said that its “MAGAnomics” goal of 3 percent growth is built in part on cutting costly regulations and freeing the hands of businesses to do more and hire more.
Do you think less regulations will make the American economy grow better?