President Trump has rolled back unnecessary job-killing regulations at a historic pace. The Administration has cut 8 and a half regulations for every new rule (This far exceeds the promise made to cut 2 regulations for every 1 regulation added). Regulatory costs have been slashed by nearly $50 billion and have saved taxpayers $220 billion once actions are implemented.
The deregulation efforts will save American households an estimated $3,100 per year. The Administration formed the Governors’ Initiative on Regulatory Innovation which aims to better align state and Federal efforts to cut additional unnecessary regulations and costs.