Report: Trump Halted $181 Billion in Regulatory Costs on First Day in Office

[rangerrebew]

 Report: Trump Halted $181 Billion in Regulatory Costs on First Day in Office
Posted By Elizabeth Harrington On January 31, 2017 @ 4:59 am In Issues | No Comments

In one of his first acts as president, Donald Trump effectively halted nearly $200 billion worth of regulations, according to a new analysis.

President Trump has taken aggressive action to curb regulations in his first week, promising to cut 75 percent or "maybe more," and signing an executive order Monday to cut two regulations from the books when every new rule is introduced.

The first move came in the form of a memo to all federal agencies from Chief of Staff Reince Priebus, freezing all recently finalized and pending regulations. The American Action Forum, a center-right policy institute, found the action resulted in stopping rules that would cost the economy $181 billion.
 

Article printed from Washington Free Beacon: http://freebeacon.com

URL to article: http://freebeacon.com/issues/report-trump-halted-181-billion-regulatory-costs-first-day-office/

[endicom]

Maybe they'll get around to simplifying the tax laws to save another bigillion dollars in compliance costs.