Trump Signs Order: Cut 10 Regulations for Every New One

President Donald Trump, in a bustling Capital One Arena, recently enacted a significant executive order titled “Unleashing Prosperity Through Deregulation.” The order urges federal agencies to identify and remove ten existing regulations for every new regulation introduced.

“The ever-expanding morass of complicated Federal regulation imposes massive costs on the lives of millions of Americans,” the order states, emphasizing the burden these rules place on economic growth and innovation.

The executive order is a clear reflection of the administration’s commitment to reducing the financial strain on individuals and businesses caused by excessive regulation.

It declares the administration’s policy to cut down private expenditures required for federal compliance to bolster economic prosperity and national security. The aim is to ensure a high quality of life for every citizen by easing the regulatory load.

Under the new directive, whenever an agency proposes or establishes a new regulation, it must simultaneously identify at least ten existing regulations to repeal. The order also mandates that any new costs incurred by new regulations should be offset by eliminating existing regulatory costs, as permitted by law. Agency leaders are instructed to ensure that the net cost of new regulations is significantly negative.

The Office of Management and Budget Director is tasked with overseeing and guiding the implementation of these new regulatory measures. President Trump has consistently advocated for deregulation as a means to stimulate economic prosperity, a central theme of his administration and campaign promises. In 2017, a similar order was signed by Trump, requiring the removal of two prior regulations for each new one introduced.

However, this previous deregulation order was revoked by President Biden on his first day in office in 2021. The White House released a fact sheet detailing the new executive order’s objectives and requirements.

One of the key elements of the order is eliminating ten regulations for each new one issued, which aims to significantly reduce fiscal costs.

The executive order also seeks to halt what it describes as the “regulatory onslaught” of the Biden Administration. According to the fact sheet, the Biden Administration imposed an unprecedented $1.7 trillion in costs on the American populace. Overregulation, it argues, stifles entrepreneurship, burdens small businesses, and limits consumer options.

Additionally, the order claims that excessive regulations deter innovation and infringe on American freedoms. It suggests that such regulatory practices contribute to rising living costs, including increased energy prices. Building on past achievements, the order echoes President Trump’s first administration’s regulatory reduction efforts.

During his first term, Trump set a goal to eliminate two regulations for every new one introduced. This 2-for-1 target was not only met but exceeded, with the first administration removing five and a half regulations for every new one.

The latest executive order aims to continue this success by further reducing unnecessary and costly federal regulations.

The administration asserts that these efforts will improve the daily lives of Americans by eliminating burdensome rules. By doing so, it hopes to foster an environment of economic growth and opportunity for all citizens.

The order is a testament to the administration’s belief in the power of deregulation to enhance prosperity.

The executive order represents a bold step in the ongoing effort to declutter the regulatory landscape. By cutting down on red tape, the administration aims to unleash the full potential of American ingenuity and enterprise. The emphasis remains on creating a more favorable economic environment through strategic deregulation.

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Joe Messina

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