The Trump administration is showing no signs of slowing its slashing of Obama-era regulations, beating their plans to cut two for every new rule and saving more than double what was hoped for, according to a new report.
“The Trump administration is making substantial deregulatory progress,” said a new report from American Action Forum.
“The administration is prioritizing deregulation, and it is set to double its goals of a two-for-one deregulatory-to-regulatory ratio and $686.6 million in net savings,” said the report from forum experts Dan Bosch, director of regulatory policy, and Dan Goldbeck, a senior analyst.
When he came to office, Trump promised to cut two regulations for every new one he imposed.
The duo said that the percentage is actually 3.75 to 1, an unprecedented reduction.
Trump believes that cutting regulations, while it receives few headlines, is one of his team’s biggest accomplishments and a driver in the improving economy and investment in the United States.
The Labor Department and Health and Human Services currently lead the regulation cutting pack in the detailed report seen here.