Before he took office, Donald Trump promised that he would cut taxes in this country like no president has before. Just three months into his presidency, Trump has already followed through with this promise in a big way.
The Hill reported that Trump has already saved taxpayers a staggering $86 billion in regulatory costs during his first three months in the White House. This was revealed by the American Action Forum (AAF), who cited several Obama-era regulations that Trump has either rolled back on his own or with the help of Republican lawmakers using the Congressional Review Act (CRA).
The regulations Trump has rolled back includes the Education Department’s school accountability standards, the Environmental Protection Agency’s waters of the United States rule and the so-called “blacklisting” rule for government contractors.
Since he took office, Trump has teamed up with Congress to 13 rules with the CRA, which allows lawmakers to overturn recent rules they disapprove of with a simple majority in Congress. These lawmakers can then send the action to the president for his signature.
“Just as there are fiscal costs for new significant rules, there can be savings from repealing old rules through comprehensive regulatory reform,” said Sam Batkins, director of regulatory policy at the AAF.
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