On Jan. 31, Trump signed an executive order to cut 10 regulations for every new one put out.
The Trump administration has repealed 30 regulations for each new regulation, Office of Management and Budget Director Russ Vought announced on Aug. 26.
During a Cabinet meeting, Vought noted that a goal of the first Trump administration was to eliminate two regulations for every new regulation issued. In the second administration, he said, the goal has been to eliminate 10 regulations for every new regulation issued.
On Jan. 31, President Donald Trump signed an executive order to cut 10 regulations for every new one put out.
“The ever-expanding morass of complicated Federal regulation imposes massive costs on the lives of millions of Americans, creates a substantial restraint on our economic growth and ability to build and innovate, and hampers our global competitiveness,” Trump’s executive order stated.
“It is the policy of my administration to significantly reduce the private expenditures required to comply with Federal regulations to secure America’s economic prosperity and national security and the highest possible quality of life for each citizen.”
Eliminating 10 regulations for every new one issued, said Trump, “is to ensure that the cost of planned regulations is responsibly managed and controlled through a rigorous regulatory budgeting process.”
Vought announced there have been 245 deregulatory initiatives across the federal government. Mathematically, he said, for every regulation issued, there are 30 that are cut.
“So we are making incredible strides,” he said.
Vought cited examples such as ones linked to the environment.
One of them is the Environmental Protection Agency undoing a rule from 2009 that regulated emissions from new motor vehicles, which EPA Administrator Lee Zeldin said has led to “hundreds of billions of dollars in hidden taxes every single year” for Americans.
“With this proposal, the Trump EPA is proposing to end sixteen years of uncertainty for automakers and American consumers,” said Zeldin.
The deregulatory action will save Americans $1 trillion, according to the EPA. Zeldin told the “Ruthless” podcast in July that it is “the largest deregulatory action in the history of America.”
