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Trump Cuts $33 Billion By Smashing Regs Vs. $245 Billion Added By Obama

by Paul Bedard
October 18, 2018, 3:51 PM
in News and Opinion
Reading Time: 2 mins read
A A
3

trump regulation pilesPresident Trump’s promise to cut Obama-era regulations has gone into overdrive, with the slashing generating $33 billion in savings, far more than expected.

A new report from the White House budget office said that $23 billion in savings has occurred this year alone, with the total at $33 billion since the president took office.

Over his first 21 months in office, former President Obama imposed $245 billion in new regulations.

regs cut by trump obama

What’s more, Trump’s promise to cut two Obama-era regulations for every new one has been pushed aside for far deeper cuts.

The Office of Management and Budget reported that in the last fiscal year the administration cut 12 regulations for every new one proposed.

Neomi Rao, who oversees regulation as the administrator for OMB, also said in the report that the administration is making moves to block agencies from sneaking in new regulations by requiring a more transparent process.

12 regs to 1

“The administration aims to restore greater political accountability and ensure that agencies respect the constitutional values of due process and fair notice,” she wrote in the report titled Cutting the Red Tape.

“This includes limiting the improper use of guidance documents — ensuring that agencies cannot impose new obligations on the public in a press release, blog post, or speech, but instead must use rulemaking procedures that generally include notice to the public and an opportunity to comment,” she added.

red tape reduction

Cutting regulations can take time and, ironically, require regulations to make the cut. So far, she said that the government has killed 176 regulations.

And as important, since January 2017, the administration has delayed or withdrawn 2,253 Obama regulations that were getting ready to take root.

Read more at Washington Examiner

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Comments 3

  1. Amber says:
    7 years ago

    Obama was to busy playing over 300 rounds of golf and shooting hoops to produce regulations . He got the big prize and cruised . All that happened was the left infiltrated and cranked up the regulation printing press under his watch while the national debt exploded .
    Given the current trajectory of never to be repaid debt it is a safe bet the USA is well on its way to look like San Franpoo-poo . The warmer it is the better to keep those sidewalk tenants from freezing . Green is the new brown .

  2. Spurwing Plover says:
    7 years ago

    Democrats are always pushing and supporting more rediculous Regulations and red tape and a all the mountains of papers to sign Trump is putting a end the the rule of the Dumb-O-Crats

    • Graham McDonald says:
      7 years ago

      Why do you think they’re called the “Ctrl Left”. Looking at the keyboard – the lowest leftest key is “Ctrl” – and I think that it is appropriate.

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