Trump takes torch to Obama-era regulations

Thursday, January 4, 2018
 | 
Chris Woodward (OneNewsNow.com)

Trump "cuts" red tapeThere are still three years to go in President Donald Trump's first term but in his first 12 months in office, he oversaw the most dramatic cuts in federal regulations in years. 

Wayne Crews, vice president for policy at the Competitive Enterprise Institute, is the creator of the annual "10,000 Commandments" report surveying trends in regulations.

"I started doing this in the '90s," he says. "I put together how Reagan had cut rules by 30 percent and pages in the Federal Register by 30 percent and until Trump came along, I didn't see any slow-down that was comparable at all."

No doubt well aware of regulations large and small as a real estate mogul, Trump signed an executive order approximately a year ago pledging to repeal two existing regulations for every new one, drawing praise from the U.S. Chamber of Commerce and the National Small Business Association. 

From the standpoint of a chief executive acting alone, Trump has probably done about the most that anyone could do, Crews says.

"His number of rules compared to Obama is down considerably," he advises. "There were 3,200 rules under Trump and a lot of those are trivial rules (and) Obama had over 3,800 rules."

When it comes to the Federal Register, where federal rules are published, the Obama-era Federal Register ended the year at 97,000 pages. Trump's first year topped out at 61,000 pages.

"That's still a lot of dense reading but you're talking about a 30-percent drop from what the last administration had been doing," says Crews. "It's a completely different climate in terms of addressing the regulatory enterprise."

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