The following is an excerpt from rt.com | January 30, 2017 |
President Donald Trump has signed a new executive order mandating that for each new government regulation being enacted, two need to be revoked.
The order is in line with the new president’s plan to slash regulations by as much as 75 percent, as Trump believes the expanding body of government rules is stifling the US economy.
“We’re cutting regulations massively for small business – and for large business,” Trump said, signing the document. “This will be the biggest such act that our country has ever seen.”
The White House sets aside a budget for regulations each year. Monday’s measure specifies the 2017 regulations budget as $0.
A temporary regulations freeze was put into place on Trump’s first day in office. The new executive action establishes the process for when the freeze expires.
For more visit: rt.com