Regulations Cut: Another Yuuuge Trump Promise Fulfilled Investor's Business Daily, Sep 20, 2017
Regulation: It's no accident that Washington, D.C., has become known as the graveyard of promises. It's exceedingly rare that a promise made in the nation's capital is a promise kept. That's why it's great to report that President Trump has kept a big one — to cut two regulations for every new one passed.
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With a month to go in the fiscal year, the American Action Forum (AAF) decided to take a hard look at Trump's regulation-cutting pledge. Along with cutting regulations, the plan envisioned having a net new cost of regulation of $0 or less.
How did Trump do? "While there have been some hiccups, overall the Trump administration is on track to finish the first phase (of his regulatory reform program) with $645 million in net annual regulatory savings."
That might not sound like much in a federal budget usually denominated in the trillions of dollars. But consider this: During President Obama's years in office, more than 22,700 regulations were imposed on Americans at an astounding cost to American consumers, businesses and workers of "more than $120 billion each and every year," wrote Heritage Foundation Fellow Diane Katz earlier this year.
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That's why AAF analyst Dan Goldbeck was prompted to write, "From almost any perspective, President Trump's Executive Order 13,771, Reducing Regulation and Controlling Regulatory Costs, marked one of the most significant developments in regulatory policy in decades," adding that it was the "first time in United States history that the executive branch has established a regulatory budget."
This has had a major salutary effect on small business in particular. In August the National Federation of Independent Business, the nation's largest small-business organization, said its widely followed Small-Business Optimism Index reached 105.3 in August, the highest since 2006 and an 11% jump since the week before Donald "The Deregulator" Trump was elected.
Read more:
http://www.investors.com/politics/editorials/regulations-cut-another-yuuuge-trump-promise-fulfilled/
