• Home
  • Illinois News
  • Illinois Politics
  • US Politics
  • US NEWS
  • America First
  • Opinion
  • World News
  • Second Amendment
Sunday, July 6, 2025
Illinois Review
  • Login
  • Register
  • Home
  • Illinois News
  • Illinois Politics
  • US Politics
  • US NEWS
  • America First
  • Opinion
  • World News
  • Second Amendment
No Result
View All Result
  • Home
  • Illinois News
  • Illinois Politics
  • US Politics
  • US NEWS
  • America First
  • Opinion
  • World News
  • Second Amendment
No Result
View All Result
Illinois Review
No Result
View All Result
Home Illinois News

Here’s How Much Red Tape Trump Has Cut

Illinois Review by Illinois Review
October 31, 2018
in Illinois News
Reading Time: 3 mins read
A A
2
26
SHARES
431
VIEWS
Share on FacebookShare on Twitter

TrumpAzar-1250x650

You might also like

Chicago AM560 Axes Local Morning Radio Personality Amy Jacobson, Keeps Florida-based Host in Cost-Cutting Move

JB Pritzker Receives 2% in Presidential Poll, Ranks Lowest in Minority Support Among Democrats

Trump’s Jobs Boom Skips Illinois—Thanks to Pritzker’s Tax Hikes

Rolling back the regulatory state. The Trump administration is reducing the economic burden of regulation, writes Diane Katz:

The Trump administration on Wednesday reported $23 billion in savings from 176 deregulatory actions in fiscal year 2018. Even more consequential, the administration has issued 65 percent fewer “significant” rules—those with costs that exceed $100 million a year—than the Obama administration, and 51 percent fewer than the Bush administration, after 22 months in office. […]

The administration in fiscal year 2018 took 57 significant deregulatory actions compared to 14 significant regulatory actions, according to Office of Information and Regulatory Affairs data. […]

The Office of Information and Regulatory Affairs projects that the fiscal year 2019 caps will reduce regulatory costs, on net, by $18 billion (in present value). In addition, the administration has proposed a range of options for revising the Corporate Average Fuel Economy Standards and greenhouse gas emissions standards that are projected to save between $120 and $340 billion. And other deregulatory actions are in process, including a rollback of the Obama administration’s signature global warming regime.

To put that in perspective, annual regulatory costs under the Obama administration increased by $122 billion, according to analyses by The Heritage Foundation.

The regulatory budgeting established in Trump’s Executive Order 13771 is intended to inject a modicum of economic discipline into rulemaking. If agencies are compelled to restrict the costs imposed on the public, they must engage in a type of rolling retrospective review of the vast accumulation of rules that comprise more than 185,000 pages in the Code of Federal Regulation—up from some 138,000 in 2000.

Under guidance from the Office of Management and Budget, only “significant” regulatory actions (rules and guidance documents) count toward the cap. However, offsetting costs may be derived from a broader set of deregulatory actions that would result in a net savings, including rules and guidance; streamlined record-keeping and reporting requirements; and some actions related to international regulatory cooperation.

According to Office of Information and Regulatory Affairs data, the administration has achieved $33 billion in net regulatory savings since taking office.

[Diane Katz, “Here’s How Much Red Tape Trump Has Cut,” The Daily Signal, October 17]

Related

Tags: Illinois Review
Share10Tweet7
Previous Post

What Are Stock Buybacks?

Next Post

Kushiner: Manly Codes of Conduct

Illinois Review

Illinois Review

Recommended For You

Chicago AM560 Axes Local Morning Radio Personality Amy Jacobson, Keeps Florida-based Host in Cost-Cutting Move

by Illinois Review
July 1, 2025
0
Chicago AM560 Axes Local Morning Radio Personality Amy Jacobson, Keeps Florida-based Host in Cost-Cutting Move

By Illinois ReviewIn a shocking cost-cutting move Tuesday, Chicago’s AM560 The Answer terminated longtime morning host Amy Jacobson, as the struggling conservative station grapples with declining relevance –...

Read moreDetails

JB Pritzker Receives 2% in Presidential Poll, Ranks Lowest in Minority Support Among Democrats

by Illinois Review
June 30, 2025
0
JB Pritzker Receives 2% in Presidential Poll, Ranks Lowest in Minority Support Among Democrats

By Illinois ReviewIn one of the first nationwide hypothetical polls for the 2028 Democratic presidential primary, Illinois Governor and billionaire JB Pritzker ranks at the bottom, receiving the...

Read moreDetails

Trump’s Jobs Boom Skips Illinois—Thanks to Pritzker’s Tax Hikes

by Thomas Mccullagh
June 26, 2025
0
Trump’s Jobs Boom Skips Illinois—Thanks to Pritzker’s Tax Hikes

Illinois is missing out on Trump’s U.S. manufacturing boom. While other states welcome new factories, Pritzker’s tax hikes and regulations keep businesses out—and force longtime employers to leave.

Read moreDetails

Opinion: We’ll Save You If We See You Burning

by Janelle Powell
June 21, 2025
0
Opinion: We’ll Save You If We See You Burning

By Janelle Powell, Opinion ContributorIn a dazzling display of bureaucratic brilliance, the City of Chicago has rolled out a new policy for the Chicago Fire Department that essentially...

Read moreDetails

Caught Off Guard: Pritzker Left Speechless on Women’s Restroom Question Amid Sanctuary City Testimony

by Illinois Review
June 12, 2025
0
Caught Off Guard: Pritzker Left Speechless on Women’s Restroom Question Amid Sanctuary City Testimony

By Illinois ReviewIllinois Gov. JB Pritzker testified Wednesday before the U.S. House Oversight and Government Reform Committee alongside fellow sanctuary city governors – occasionally appearing visibly stunned and...

Read moreDetails
Next Post

Kushiner: Manly Codes of Conduct

Please login to join discussion

Best Dental Group

Related News

IL Freedom Caucus calls on Lurie Children’s Hospital to cease gender services for kids

October 27, 2022

Beckman: Is the Brigham Young University racial slur controversy another hoax?

October 27, 2022

Salvi polling shows closer race

October 27, 2022

Browse by Category

  • America First
  • Education
  • Faith & Family
  • Foreign Policy
  • Health Care
  • Illinois News
  • Illinois Politics
  • Opinion
  • Science
  • Second Amendment
  • TRENDING
  • US NEWS
  • US Politics
  • World News
Illinois Review

© 2024 llinois Review LLC Editor in Chief Mark Vargas Publisher Thomas McCullagh Chief Counsel Scott Kaspar

Navigate Site

  • Checkout
  • Home
  • Home – mobile
  • Login/Register
  • Login/Register
  • My account
  • My Account-
  • My Account- – mobile

Follow Us

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Illinois News
  • Illinois Politics
  • US Politics
  • Health Care
  • US NEWS
  • America First
  • Opinion
  • TRENDING
  • Education
  • Foreign Policy
  • Second Amendment
  • Faith & Family
  • Science
  • World News

© 2024 llinois Review LLC Editor in Chief Mark Vargas Publisher Thomas McCullagh Chief Counsel Scott Kaspar

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?