According to The Washington Times, the Trump administration's efforts to end unnecessary regulations saved American businesses approximately $160 billion.
"The American Action Forum's report also estimated that the Trump administration added an average of $10 billion annually in regulatory costs, compared with an annual average of $111 billion during President Obama's eight years in office," The Times reported.
On his first day in office, Biden rescinded the executive order despite the private sector largely supporting the regulatory budget.
If Biden takes regulatory spending back up to Obama-era levels, it will be over a 1,000 percent increase.
The Biden administration is considering a repeal of Trump policies allowing for heavier water flow in household appliances like dishwashers, washing machines and showers, according to The Times.
Should Biden have rescinded Trump's regulatory budget?
"To tackle these challenges effectively, executive departments and agencies must be equipped with the flexibility to use robust regulatory action to address national priorities," Biden said.
Saturday, February 27, 2021
Trump Program Saved $160 Billion, Cut Regulatory Costs 90%
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