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Business Review Board / Aug. 15, 2018

Good News: Deregulation Is Saving a Ton of Money

"The Trump administration is well on its way to surpassing its regulatory budget goals."

We’ve noted President Donald Trump’s deregulatory efforts numerous times before, but a new report from the American Action Forum brings more good news. “With less than two months remaining in FY 2018, the Trump administration is well on its way to surpassing its regulatory budget goals,” said the report, which charts federal regulations.

Dan Bosch, the director of regulatory policy at the American Action Forum, added, “Collectively, executive agencies subject to a regulatory budget remain on pace to double the administration’s overall savings goal. On an individual basis, 12 of 22 agencies have already met or surpassed their savings target.” There’s always more to do, but those deregulation efforts are saving literally hundreds of millions of dollars in budget money. Investor’s Business Daily reports, “All told, the government aimed for savings of about $686.6 million from deregulation so far this year. Right now, the government has saved some $1.308 billion from 47 separate deregulation actions.” And that’s just the budget money saved, not the amount Americans save via the reduced regulatory burden.

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