It’s not often reported in the mainstream media, but President Trump’s administration has had a huge win. He and his newly appointed agency heads have made significant progress on rolling back and reforming the regulatory state.
Federal agencies have rescinded or delayed implementation of more than 800 hundred regulations. The administration has permanently repealed more than a dozen Obama-era regulations using resolutions of disapproval under the Congressional Review Act. President Trump also issued an Executive Order establishing for the first time ever a regulatory budget that requires each agency to repeal 2 existing rules for every new rule it seeks to write. With a 16 to 1 ratio, the administration is well within its budget.
The White House estimates its deregulatory actions have resulted in $22 million a year in reduced economic burdens. Compare that to President Obama’s $3 billion a year economic burden imposed on Americans when his term first began in 2009.
On top of that, federal agencies are promulgating fewer regulations. The White House Office of Management and Budget (OMB) issued an updated report on its regulatory plan for the whole federal government called the Unified Agenda. The report is a marked contrast from years past. This is an agenda with a heavy focus on deregulation. Most of the significant rules, those costing more than $100 million a year, are deregulatory in nature.
It includes plans to repeal the Clean Power Plan and WOTUS rules, make changes to energy efficiency standards, and review fuel economy standards for vehicles. The built up regulatory burden has increased business costs and discouraged investment. Removing this unnecessary burden is an important part of reviving our economy, growing jobs and wages. It’s part of the larger effort the Trump administration is calling MAGAnomics.
Successfully rolling back the regulatory state needs strong leadership inside the agencies that spent years crafting the massive ball of red tape. This necessary work will be slow until the President’s appointees are in place at the agencies. However, Senate Democrats have thrown every procedural hurdle they can at President Trump’s nominees. Their hope is to slow the confirmation process to a halt. It’s a slow drip now.
Entrenched bureaucrats shouldn’t be left to gum up this important work any longer. Senators need to hear from the people. They need to hear that President Trump’s appointees should come to the floor for a vote so that regulatory reform will be successful.