In the first three months of the Trump administration over $86 billion in regulatory costs have been “eliminated”. This is a really big win for taxpayers who have all collectively saved the sum of $86 billion.
The American Action Forum or AAF conducted the study and found that the reason for the drop is mainly because of Trump’s aggressive rolling back of many regulations from the Obama administration. And according to the Hill, Trump’s ability to do that was helped to an extent by Republican lawmakers using the Congressional Review Act (CRA).
Up to 13 rules were repealed since Trump took office. Some of these are “the Education Department’s school accountability standards, the Environmental Protection Agency’s waters of the United States rule and the so-called “blacklisting” rule for government contractors.”
Sam Batkins, the director of regulatory policy at the AAF said: “Just as there are fiscal costs for new significant rules, there can be savings from repealing old rules through comprehensive regulatory reform,” said Sam Batkins, director of regulatory policy at the AAF.
Source: The Hill