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AAF study: Trump Saves Businesses $4B With Cuts to Obama Regs

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President Donald Trump (AP Images)

By    |   Tuesday, 08 Aug 2017 02:15 PM

President Donald Trump's first six months in office will cost American businesses almost $4 billion less than in his predecessor's initial half-year, according to a report from the conservative American Action Forum.

Final rule costs for Trump amount to roughly $378 million per year, while President Barack Obama's first six months cost businesses $4.2 billion.

"The results are substantial," AAF's Dan Goldbeck wrote in the report. "New regulatory burdens are a fraction of those established under President Obama's first six months; overall regulatory volume has slowed to historically low levels; and a number of notable deregulatory measures have been initiated."

When "compared to the Obama administration, the Trump administration has imposed: 1/20th of the lifetime costs, 1/11th of the annual costs, and 1/8th of the paperwork. With nearly 6 million fewer paperwork burden hours, that amounts to the workload savings of roughly 3,000 full-time employees."

Goldbeck has more good news for Trump supporters who hoped he'd lower the cost on business, finding a low number of highly expensive rules imposed by Trump.

"In terms of both overall rule-makings and only those designated as 'economically significant' (an annual economic impact of more than $100 million), the Trump administration has set record lows in overall rule-making volume. Only 41 rules," he wrote. "For perspective, the next-lowest amounts for either measure were 180 and 28, respectively (both in 2001). The highest amount for either measure was 460 (in 1994) and 80 (in 2016), respectively."

The report concludes, "Both the volume and impact of new regulatory burdens have slowed dramatically . . . Beyond these first six months, the administration's ambition is clearly to go even farther and deeper."

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President Donald Trump's first six months in office will cost American businesses almost $4 billion less than in his predecessor's initial half-year, according to a report from the conservative American Action Forum.
donald trump, six months, barack obama, savings, business, regulations
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2017-15-08
Tuesday, 08 Aug 2017 02:15 PM
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