Friday, July 17, 2020

These oppressive, burdensome mandates were a stealth tax on our people – slashing take-home pay, suppressing innovation, surging the cost of goods, and shipping millions of American jobs overseas

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President Donald Trump on Thursday at the White House promoted his successful push to dramatically reducing the regulatory burden on American industry. “Before I came in office, American workers were smothered by a merciless avalanche of wasteful and expensive and intrusive federal regulations,” Trump said. The president appeared on the South Lawn of the White House with a backdrop display of two Chevrolet trucks, one blue truck weighed down with weights symbolizing the regulatory burden, another red truck with the weights being lifted off by a crane that symbolized the Trump administration. “We must never return to the days of soul-crushing regulations,” Trump said, warning that if former Vice President Joe Biden won the election, leftist activists would work to quickly restore the onerous regulatory burden. He described his efforts as the most dramatic regulatory relief campaign in history, noting that for every one new regulation, eight other regulations had been terminated. “No administration in history has removed more red tape more quickly to rescue the economy and to protect the health of our people,” Trump said. The president explained that his efforts were on behalf of American workers and their families. Trump also shared estimations that his efforts to cut regulations saved the average household $3,100 a year. He added that while the previous administration added 16,000 pages to the regulatory burden, his administration removed more than 25,000 pages of regulations. He also noted that the previous administrations added more 600 major new regulations, costing average Americans $2,300 a year.

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Before I came into office, American workers were smothered by a merciless avalanche of wasteful, expensive and intrusive federal regulation. These oppressive, burdensome mandates were a stealth tax on our people – slashing take-home pay, suppressing innovation, surging the cost of goods, and shipping millions of American jobs overseas. Nearly four years ago, we ENDED this regulatory assault on the American Worker – and we launched the most dramatic regulatory relief campaign in American History. At the heart of this effort was a revolutionary promise: for every 1 new regulation issued, we pledged that TWO federal regulations would be permanently REMOVED. We not only met this ambitious goal – we vastly exceeded it. For every 1 new regulation added, nearly EIGHT federal regulations have been terminated. As you can see behind me, we have removed the gigantic regulatory burden Americans have been forced to carry for decades – freeing our citizens to reach their highest potential. Our historic regulatory relief is providing the average American household an extra $3,100 dollars every year!

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