The goal of the Trump regulatory agenda is “to reduce costly regulation, while protecting workers, public health, safety, and the environment,” the report states.
The Trump administration’s efforts to reduce the burden on the U.S. economy from unnecessary federal regulations have met with success, the Council of Economic Advisers (CEA) reports.
The report analyzes 20 major deregulatory actions it says will save U.S. consumers and businesses about $220 billion per year after they go into full effect. These reforms will raise real incomes by $3,100 per household per year and increase U.S. gross domestic product (GDP) by 1.0 to 2.2 percent in the next decade, the CEA estimates.
The CEA issued an interim report on “The Economic Effects of Federal Deregulation since January 2017” on June 28.
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