President Trump Cuts Red Tape:
On Deregulation, Winning 22-1
Posted By Tim Hains
On Date December 14, 2017
President Trump delivered a statement at the White House
Thursday where he touted his progress on deregulation, one of his top
priorities. He also literally cut a strand of 'Red Tape' while standing next to
several huge stacks of paper.
He said that in 2017, more than 22 times as many regulations
were removed from the books as were added.
Trump said: "One of the very first actions of my
administration was to impose a two-for-one rule on new federal regulations. We
ordered that for every one new regulation, two old regulations must be
eliminated. You heard me say that on the campaign, many, many times. As a
result, the never-ending growth of red tape in America has come to a sudden,
screeching, and beautiful halt!"
"Earlier this year, we set a target of adding zero new
regulatory costs onto the American economy. Today, I am proud to announce we beat our goal by a lot!"
"Instead of adding costs, as so many others have done,
and other countries are doing, and it is hurting them. For the first time in
decades, we achieved regulatory savings! Hasn't happened in many decades."
"Within the first eleven months, we canceled or delayed
over 1,500 planned regulatory actions, more than any previous president, by
far," he said. "And you see the results, when you look at the stock
market, the results of companies, and when you see companies coming back into
our country."
"Instead of eliminating two old regulations for every
one new regulation, we have eliminated 22!" he
said.
"22, that's a big difference," he added. "We
aimed for 2 for 1, and in 2017, we hit 22-1."
"And by the way, those regulations that are in place,
do the job better than all of the other regulations. It allows us build, create
jobs, and do what we have to do," the president said.
|
Full transcript courtesy of the White House:
THE PRESIDENT: Hello, everybody. Regulations — oh, boy. It’s a lot of regulations. Thank you, Vice
President Pence, Secretary Chao, Secretary Zinke, and Chris Liddell. Done
an incredible job.
We’re here today for one single reason: to cut the red tape
of regulation. For many decades, an ever-growing maze of regulations, rules,
restrictions has cost our country trillions and trillions of dollars, millions
of jobs, countless American factories, and devastated many industries. But all
that has changed the day I took the oath of office, and it’s changed rapidly.
You’ve seen what’s happened.
We’ve begun the most far-reaching regulatory reform in
American history. We’ve approved long-stalled projects like the Keystone XL and
the Dakota Access pipelines. We’re cutting years of wasted time and money out
of the permitting process for vital infrastructure projects. We’re scrapping
and really doing a job in getting rid of the job-killing regulations that
threatened our autoworkers and have devastated their jobs over the years. But
they’re all moving back. They’re moving back into our country. Those companies
are coming back and they’re coming back fast.
We’re lifting restrictions on American energy and we’ve
ended the war on coal. We have clean coal — beautiful, clean coal, another
source of energy.
One of the very first actions of my administration was to
impose a two-for-one rule on new federal regulations. We ordered that for every
one new regulation, two old regulations must be eliminated. The people in the
media heard me say that during the campaign many, many times. As a result, the
never-ending growth of red tape in America has come to a sudden screeching and
beautiful halt.
Earlier this year, we set a target of adding zero new
regulatory costs onto the American economy. Today, I’m proud to announce that we beat our goal by a lot. Instead
of adding costs, as so many others have done — and other countries, frankly, are
doing, in many cases, and it’s hurting them — for the first time in decades, we
achieved regulatory savings. Hasn’t happened in many decades. We blew our
target out of the water.
Within our first 11 months, we cancelled or delayed over
1,500 planned regulatory actions — more than any previous President by far. And
you see the results when you look at the stock market, when you look at the
results of companies, and when you see companies coming back into our country.
And instead of eliminating two old regulations, for every
one new regulation we have eliminated 22 — 22 — that’s a big difference. We aimed for two for one, and, in 2017, we
hit twenty-two for one.
And, by the way, those regulations that are in place do the
job better than all of the other regulations, and they allow us to build and
create jobs and do what we have to do. We are now reducing the size, scope, and
cost of federal regulations for the first time in decades, and we are already
seeing the incredible results.
Because of our regulatory and other reforms, the stock
market is soaring to new record levels — 85, not including today. Hopefully,
we’ll set another one today. Eighty-five since Election Day, creating $5
trillion of new wealth. And the $5 trillion was as of about three weeks ago, so
I assume we probably hit six — $6 trillion, almost.
Unemployment is at a 17-year-low. Wages are rising. Economic
growth has topped 3 percent. Two quarters in a row now we’ve had that. And
except for the hurricanes, we would have almost hit 4 percent. And you remember
how bad we were doing when I first took over — there was a big difference, and
we were going down. This country was going economically down. Small business
optimism is at its highest point in 34 years, and we are just getting started.
We have decades of excess regulation to remove to help
launch the next phase of growth, prosperity, and freedom. I am challenging my
Cabinet to find and remove every single outdated, unlawful, and excessive
regulation currently on the books. I want every Cabinet Secretary, agency head,
and federal worker to push even harder to cut even more regulations in 2018.
And that should just about do it. I don’t know if we’ll have any left to cut,
but we’ll always find them.
We must liberate our economy from years of federal overreach
and intrusion so that we can compete and win on the world stage. And when you
look at the stock market and what’s happening — such a high level and it has a
long way to go — much of that is because of what we’ve done with regulation.
For example, the current process for permitting
infrastructure is unacceptably long. This chart — I love this chart — I showed
this chart two months ago. Chris — Chris Liddell — hold that up, Chris.
(Laughter.) Chris is not tall enough for this chart, neither is anybody else.
This is the process that you had to go through to get
permits for a highway, or a roadway. You had to go through this process and it
would take many years — many, many years — right, Chris? And you had to go
through nine different agencies, make sixteen different decisions, under
twenty-nine different laws. It would take from 10 to 20 years — in some cases,
longer than that. And by the time you finished, you probably gave up.
And I think it’s — I don’t know, I saw this chart — I held this
chart up three months ago and I said, bring out that chart. That was a
last-minute decision. But it really explains what a disaster it is.
We want to take
that process down to maybe one year. We have it down to two; we maybe bring it
down to one year. And, by the way, if the highway or the road is not good,
we’re going to reject it. We’re not to going to approve everything. We’re going
to reject it. But for the most part — generally speaking, it’s a good
thing, not a bad thing.
Cutting through this maze is critical to restoring our
nation’s competiveness. That is why, under my administration, a highway that
would have taken — and we’re looking at the numbers, but we’re trying to
average them out — and people have no idea; they think the number is, in many
cases, over 20 years. And we’re bringing that way down.
And beside this, you can see another really vivid
illustration of the monumental task we face. In 1960, there were approximately
20,000 pages in the Code of Federal Regulations. Today, there are over 185,000
pages. So you take a look at that and I assume that this is today. This is
1960. look at that, and I assume that this is today. This is 1960. We’re going
to cut a ribbon because we’re getting back below the 1960-level, and we’ll be
there fairly quickly.
We know that some of the rules contained in these pages have
been beneficial to our nation, and we’re going to keep them. We want to protect our workers, our safety, our
health. We want to protect our water. We want to protect our air and our
country’s natural beauty.
But every
unnecessary page in these stacks represents hidden tax and harmful burdens to
American workers and to American businesses, and, in many cases, means projects
never get off the ground. That’s probably the biggest problem.
According to a
survey by the National Small Business Association, the average small business
today spends $83,000 to comply with a single regulation in just its first year
of existence. Small-business manufacturers also bear an enormous ongoing
burden spending an average of nearly $35,000 per employee each year.
Incredible.
This excessive regulation does not just threaten our
economy, it threatens our entire constitutional system, and it does nothing.
Other than delay and cost much more, it does nothing.
Congress has abandoned much of its responsibility to
legislate, and has instead given unelected regulators and — regulators
extraordinary power to control the lives of others. The courts have let this
massive power grab go almost completely unchecked and have almost always ruled
in favor of big government.
With billions and billions of dollars wasted, regulation is
a stealth taxation. So many of these enormous regulatory burdens were imposed
on our citizens with no vote, no debate, and no accountability. Now there is
accountability.
By ending excessive regulation, we are defending democracy
and draining the swamp. Truly, we are draining the swamp. Unchecked regulation
undermines our freedoms and saps our national spirit, destroys our company. We
have so many companies that are destroyed by regulation — and destroys
obviously jobs.
Today’s call to action is about regaining our independence,
reclaiming our heritage, and rediscovering what we can achieve when our
citizens are free to follow their hearts and chase their dreams.
When Americans are free to thrive, innovate, and prosper,
there is no challenge too great, no task too large, and no goal beyond our
reach. We are a nation of explorers and pioneers and innovators and inventors,
and regulations have been hurting that and hurting it badly. We are a nation of
people who work hard, dream big, and who never, ever give up. We are Americans,
and the future belongs to us.
So together, let’s cut the red tape. Let’s set free our
dreams. And, yes, let’s make America great again.
And one of the ways we’re going to do that is by getting rid
of a lot of unnecessary regulation. Thank you very much. Thank you. (Applause.)
Come on over here, Chris. Come on over here. Why don’t we
all gather around? Come on. You were all such a big part of this. Come on. I
think we can all make it.
So this is what we have now. This is where we were in 1960.
And when we’re finished, which won’t be in too long a period of time, we will
be less than where we were in 1960, and we will have a great regulatory
climate.
Come on up here,
Chris. Come on. You worked so hard. Elaine, are you okay? Come on. You okay?
SECRETARY CHAO:
Yes, fine.
THE PRESIDENT:
She has a lot to do with this. She has things called roads. (Laughter.)
It’s a big — and bridges, right?
SECRETARY CHAO: Yes.
THE PRESIDENT:
Okay. One, two, three.
(The ribbon is cut.) (Applause.)
https://www.nbcnews.com/politics/white-house/trump-cuts-red-tape-white-house-event-touting-deregulation-n829851
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