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January 30, 2017
Trump Begins Cutting Regulations
Regulations costing businesses and citizens $5.7 billion -- rushed into action as Obama was leaving for his post-presidential golf tour -- will be eliminated today.
His order also demanded that for every new regulation put into effect, two regulations would have to be rescinded, and that the net cost of further regulations must be $0.
"The Obama administration was busy during its 'midnight' period for regulation, breaking records for December regulatory output, and publishing $157 billion in regulations," according to a new report from the regulatory watchdog American Action Forum.
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"With votes this week in the U.S. House, repeals could save more than $5.7 billion in regulatory costs and 2.6 million paperwork burden hours," added the report provided to Secrets.
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And if Trump gets very aggressive, a total of $85 billion in regulations could be repealed this spring.