H/T US Hearld.

As President Trump dumps the Obama regulations taxpayers will see even more savings.

American voters had a clear-cut choice last November – a successful international businessman or a veteran politician. Someone who had made a career – and a fortune understanding the bottom line or someone who made money off government connections.

So, when businessman Donald Trump took the oath of office as the nation’s 45th president while his vanquished opponent Hillary Clinton looked on in disbelief, the country was already in the midst of a market rally that had begun on November 9th – the day after the election.

Trump had run on a strong platform of economic revitalization for the country and despite the dire predictions of liberals who warned that a Trump win would send markets into a death spiral around the world, the business sector responded with enthusiasm and vigor in the days and months following the election of the first president of the U.S. without any political experience whatsoever.

Now, nearly one-hundred days into the new era, the optimism generated by just the presence of someone who understands business behind the desk in the Oval Office, rather than someone who manacled the free market for all eight of his years in office, not only shows no sign of slacking, but is paying off.

One of Trump’s most often repeated promises was to roll back regulations that stymied business growth – the sacred touchstone of liberal Democrats who continue to push outmoded theories that see governmental interference as the only way an economy can actually work.

Trump has been able to make good on his promise to cut regulations without even asking Congress for legislation – always a protracted effort with no sure signs of success, – by using the Congressional Review Act (CRA).

The CRA provides Congress with the ability to overturn rules and regulations adopted by federal agencies, with only a simple majority and the support of the president.

With a Republican majority in both the House and the Senate, the vote is virtually guaranteed and with the president’s signature, the regulation in question is no longer in effect.

According to The American Action Forum (AAF), the president and Congress have used the CRA with huge savings for taxpayers.

Congress has already passed 13 CRA resolutions, repealing more than $1.1 billion (annually) in past regulations from the Obama Administration,” the report, written by Sam Batkins, director of regulatory policy for AAF, said.

“In addition, President Trump has formally delayed and signaled an intention to amend several other major rules. Combined, these actions could generate more than $18 billion in annual regulatory savings for businesses, investors, and consumers.”

Among the most significant regulatory rollback was Trump’s reversal of Obama’s “Waters of the United States” Environmental Protection Agency rule that subjected even privately owned ponds to federal government regulation.

Batkins estimates that this move alone could result in $16 million savings to taxpayers.

And with the clear eye of a businessman, President Trump is looking to cut President Obama’s so-called “Fair Pay and Safe Workplaces” rule that would have required federal contractors to disclose all labor violations found against its company in the three years previous to a bid on a government contract.

It was estimated that Obama’s Executive Order would have cost contractors over 2 million hours in data collection and $400 million in annual costs.

In addition to the outright repeal of agency rules, the president can also implement other measures such as allowing more flexibility in compliance and less rigorous enforcement that will give the edge to the business owners and operators who fuel the engine of America’s economy.

And those are the people who know the benefit of having one of their own kind in the White House.

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