Trump Slashing Obama Legacy in Epic Fashion


One of the key campaign promises that then-candidate Donald Trump ran on and that likely contributed to his successful election was his oft-repeated vow to cut through the bureaucratic red tape holding back the economy by slashing unnecessary government regulations.

According to Reuters, it appears that President Trump and his administration are making good on that promise, as the White House just announced that they had either killed or removed from consideration some 800 different proposed regulations set forth under former President Barack Obama’s administration that had not yet been finalized or taken effect.

At least 469 planned regulations had been withdrawn and some 391 other regulations already in the active process had been reclassified as long-term or inactive in order to allow for “further careful review.”

The administration isn’t done there, as some 300 other energy production-related regulations coming from the Environmental Protection Agency, as well as the Departments of Energy and Interior, would be delayed, reviewed and possibly rescinded.

And that is just from those three departments. This process is playing out in virtually every department and agency across the entirety of the executive branch.

Office of Management and Budget Director Mick Mulvaney said that this was evidence that the administration was addressing and diminishing “that slow cancer that can come from regulatory burdens that we put on our people.”

Along those lines, the Washington Examiner reported on another bit of related good news involving Trump’s agenda to cut back on government regulations.

Our readers will no doubt recall that one of Trump’s first executive orders stipulated that for every new regulation that was proposed, two old regulations would have to be done away with.

Trump’s administration has actually done even better than that in practice; in fact, eight times better, as they are averaging 16 old regulations killed for every new rule put forward.

“It’s really the beginning of a kind of fundamental regulatory reform and a reorientation of where we’re going with regulation,” explained Neomi Rao, administrator of the OMB’s Office of Information and Regulatory Affairs.

Rao also revealed that the goal of what is being called “MAGAnomics” is to reach three percent economic growth, largely spurred on by cutting regulations and providing businesses more room to hire and expand.

She further added that, unlike prior regulatory reports from previous administrations which didn’t track deregulation at all, future reports would indeed feature a column highlighting killed regulations.

Just for a bit of context regarding Trump’s deregulation from the Washington Examiner: the OMB pointed out that under the last five months of Obama’s administration, some $6.8 billion in new rules were imposed on the economy. In comparison, Trump has imposed less than $0 in his first six months.

Similarly, Obama added $3.1 billion in new regulatory costs in his first six months, while Trump has instead saved an estimated $22 million thus far.

This is what we voted for, and we are thrilled to see this major campaign promise regarding deregulation being fulfilled. So is our nation’s economy.

H/T Washington Free Beacon

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