Businesses Finally Getting A Break As Trump Cuts Red Tape
Once again, President Trump is looking to make it easier for the American worker.
Monday, President Trump is scheduled to make a speech where he will announce a sweep of deregulatory actions across 10 different governmental agencies.
These agencies are almost all regulatory agencies who impose rules on businesses that make it harder and more expensive for American companies.
Here are more details, from FoxNews.com:
Regulatory reform will be a key item on the White House agenda Monday, when President Donald Trump is scheduled to deliver a speech on “Cut the Red Tape Day.”
The speech will be followed by breakout sessions at 10 federal agencies, including the departments of Agriculture, Energy, Interior and others, the Washington Examiner reported.
The Environmental Protection Agency is not on the list, the report said.
Trump has directed federal agencies to lower the overall cost of their regulations during fiscal 2018, the Washington Times reported. Specific dollar figures were not available.
But Neomi Rao, administrator of the White House Office of Information and Regulatory Affairs, told the Times that new rules enacted by the Trump administration have so far saved U.S. businesses some $300 million in annualized costs.
By contrast, Rao said the Obama administration saddled businesses with $80 billion in costs over eight years.
In delivering his speech Mnday, the president aims to draw attention to “the benefit that reform can have for ordinary Americans,” Rao told the Times.
As a prelude to the Monday event, a new panel was launched Friday, as an offshoot of the National Association of Manufacturers. The new panel is called the Coalition for Regulatory Innovation.
Deregulation is one of the many campaign promises that President Trump continues to fulfill. His hope is that making it easier for companies to do business will bring more jobs to the U.S. as well as encourage companies already here to stay.
What do you think? Will America benefit from less red tape?
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