Wednesday, June 7, 2017

Historic: 90% cut in new regs, costs slashed to just 0.12% of Obama's

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President Trump is winning on one key campaign promise, cutting regulations and virtually eliminating the release of new ones.
In fact, he has cut the output of costly regulations so deeply that a group that charts the federal government's output of rules has called the shift "historic."
American Action Forum told Secrets that Trump has cut the output of regulations to just 8 percent of the averages under former President Obama and other recent administrations.
What's more, the cost of the new regulations has dropped from an average of $26 billion to $33 million, or just 0.12 of the past average for the first five months of the year.
Sam Batkins, the director of regulatory policy for AAF, said in his report that "the ‘Regulatory Freeze' that took effect on day one of the administration has persisted for roughly the first four months of President Trump's term. By virtually any measure, dating back through two Democratic presidents and one Republican president, the lack of regulatory output is historic."