The Obama administration issued a record number of new regulations on its way out the door in 2016, leaving an administrative state that sapped the economy of nearly $2 trillion a year. The government itself spent $63 billion in 2016 to administrate and enforce all of its own regulations. In addition the Obama administration implemented 43 new major rules in 2015 which increased annual regulatory costs by more than $22 billion, bringing the total annual costs of Obama Administration rules to an astonishing $100 billon-plus in just seven years. Also under President Obama the EPA published over 3,900 rules, averaging almost 500 annually, and amounting to over 33,000 new pages in the Federal Register. Lastly , it should be noted that the per capita federal spending is up sevenfold since 1941, largely due to excessive government regulations. So what will President Trump do to end the excessive government regulations?
*UPDATE: The Trump administration saved $570 million in 2017 by cutting regulations at a record breaking pace and meeting his promise to eliminate two old rules for every new one. In fact President Trump issued fewer than half the regulations in his first year than both his predecessors Obama and Geroge W Bush.
9/28/17: President Trump has nearly erased Obama's entire legacy in just eight short months, overturning just about all of Obama's regulation laws. In fact President Trump signed more executive orders in his first 100 days than any other U.S. President in history anda total of 55 in 2017. Many of which overturned most of President Obama's executive orders. In total the Trump administration has pulled or suspended 860 pending regulations at this point. Eliminating red tape is a top priority for President Trump, who has issued several executive orders dealing with regulations, including the elimination of two federal rules for every new one introduced.
Officials said the administration has gone further, eliminating 16 regulations for every new rule proposed. Trump halted $181 billion worth of Obama administration regulations on his first day in office by issuing a regulatory moratorium. Additionally, the administration and Congress have saved at least $60 billion in regulatory costs by rolling back Obama rules through the Congressional Review Act.
10/4/17: President Trump has issued 58% fewer major and costly regulations than former President Obama and slashed the Federal Register, the government's rule book, by 32%.
1/01/18: The Trump administration has saved $645 million by cutting regulations and meeting its promise to eliminate two old rules for every new one.
3/11/18: President Trump issued fewer than half the regulations in his first year than both his predecessors Obama and Geroge W Bush.
5/25/18: Trump signed three executive orders overhauling the federal bureaucracy, including an order that makes it easier to fire federal workers for misconduct. Under the new executive orders, estimated to save at least $100 million a year, unions will be charged rent for federal office space and will not be reimbursed for travel expenses or for hours spent appealing worker firings.The first executive order aims to strengthen accountability for federal employees and makes it easier to fire poor performers in the federal government. The second executive order creates a federal labor relations working group to analyze union contracts with the federal government. It also makes it harder to pay federal unions to appeal firings and to lobby Congress. The third executive order, focused on federal unions, is aimed at reducing waste and expenditures and requires federal employees to spend at least 75% of their time working on the job they were hired to do, as opposed to working on federal union work. It will also allow the federal government to start charging unions for office space in federal buildings.