Despite Trump's Cutbacks, Federal Regulatory Monster Still Consumes $1.9 Trillion

Investor's Business Daily | 4/20/2018 | Staff
magiccastlemagiccastle (Posted by) Level 4
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Free Markets: We have repeatedly praised President Trump for his efforts to cut back on costly, needless federal regulations and free up the economy. But a new report shows the regulatory beast is still very much alive and trampling the economy.

The list of Trump's deregulatory wins grows longer by the day. Last week, he directed the EPA to make its clean-air standards more efficient and cost-effective.

Administration - Plans - Standards - Federal - Communications

Earlier, the administration announced plans to review onerous federal fuel-economy standards. The Federal Communications Commissions repealed "net neutrality" rules. Trump scrapped the Obama administration's Clean Power Plan and pulled out of the Paris climate-change boondoggle. He's streamlined permitting for infrastructure projects. And he ordered agencies to kill two rules for every new one written — later boasting that the actual ratio last year was 22-to-1.

What's more, Trump has clearly pulled the reins on the regulatory state, with 15 executive orders and memorandums.

Result - Number - Regulations - Rules - Pipeline

The result is that in 2017, the number of new regulations, rules in the pipeline, and rules affecting small businesses were at lows not seen for decades, according to an annual review of federal regulations by the Competitive Enterprise Institute.

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This is all to the good, and it's having a noticeable impact on the economy. As we noted last week, manufacturing jobs have picked up under Trump, and industry optimism is at the highest levels since manufacturers started measuring this 20 years ago.

Trump - Cutting - Regulations

Trump has it exactly right when he says that "the cutting of regulations could have had...
(Excerpt) Read more at: Investor's Business Daily
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