Will the president’s plan to reduce the cost and burden of rules work? And is it even necessary?
On Monday morning, President Donald Trump signed yet another executive order, following the 17 wide-ranging executive actions enacted during his first week in office. This latest order tackles yet another one of Trump’s campaign talking points and will require federal agencies to cut two existing regulations for every new regulation they implement.
“If there’s a new regulation, they have to knock out two. But it goes far beyond that, we’re cutting regulations massively for small business and for large business,” Trump said during the signing of the order, while surrounded by small-business leaders.