It’s not something that gets a lot of attention from the media, but the regulatory reforms undertaken by the Trump Administration have been critical to keeping the American economy strong. President Trump has led efforts to roll back red tape by cutting over 8 regulations for every new one that’s been put in place. This action alone will save American households an estimated $3,100 each year.
Federal bureaucracies have too often abused their power to impose unreasonable burdens on Americans. In 2014, for example, the EPA wanted to impose $20 million in fines on a family that built an environmentally-friendly pond for their horses. President Trump is bringing more transparency and accountability where it’s badly needed.
Now, the Trump Administration is working with states and local governments to cut regulations and costs and harmonize regulations at different levels of government. This will lead to even more cost savings and a stronger economy for the American people.