Author Topic: Trump’s Cut At Least $23 Billion of Red Tape And He’s Just Starting  (Read 842 times)

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Offline endicom

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The Lid
Warner Todd Huston and Jeff Dunetz
Oct. 19, 2018

People forget that tax cuts are not the only reason for the Trump economic revival. Another YUGE part of the recovery has been the cutting of government regulations and red tape which ties the hands of businesses and empties their wallets. That loss of money to these enterprises takes away funds better used for R&D, expansion, and employee salaries. A new look at his cuts reveals he has saved at least $23 billion so far.

When he was campaigning for the White House Trump insisted that he wanted to eliminate as many needless regulations as possible to take a burden off the private sector and unleash our economy. He promised his administration would kill two regulations for every one added. And so far he has succeeded at implementing that promise. Not only succeeded but EXceeded. During his first year as POTUS, the Trump administration got rid of twenty-two regulations for everyone added.  So far in 2018 that ratio is twelve to one. And as it turns out, he has done more than any president in modern history.

More... https://lidblog.com/trumps-red-tape-cut/