REPORT: Trump Could Cut $42 Billion Worth Of Regs Upon Taking Office
MICHAEL BASTASCH
DailyCaller.com
11/17/2016
President-elect Donald Trump and a Republican-led Congress could eliminate at least $42 billion worth of major federal regulations in January, according to a new report.
Trump said on the campaign trail that 70 percent of federal regulations “can go,” so the American Action Forum (AAF) put together a list of 48 major regulations Congress could invalidate under the Congressional Review Act (CRA).
“Together, those rules impose more than $42.5 billion in total costs, $6.5 billion in annualized costs, and 53 million paperwork burden hours,” AAF analysts Sam Batkins and Dan Goldbeck wrote in a new report.
“Republicans have the opportunity to enact regulatory reform on a scale not witnessed since President Reagan,” they wrote. “CRA disapproval resolutions seem poised to be a significant part of those plans.”
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