US Politics

Trump Signs Executive Order Cutting Federal Regulations to Spur Economic Growth

President Donald Trump on Tuesday signed an executive order directing federal agencies to cut regulations in a move to spur economic growth after weeks of lockdowns that were intended to slow the spread of the CCP virus.

Trump, who signed the order during a cabinet meeting, told federal agencies to do away with “unnecessary regulations that impede economic recovery” and also directs agencies to “review the hundreds of regulations weve already suspended in response to the virus and make the suspensions permanent where possible.”

Agencies can use emergency powers to speed up the cutting of regulations for new rules that will create more jobs, he added.

These regulation cuts are necessary “because with millions of Americans forced out of work by the virus, its more important than ever to remove burdens that destroy American jobs,” the president remarked. “Were fighting for the livelihoods of American workers, and we must continue to cut through every piece of red tape that stands in our way,” the president said.

“We want to leave it that way,” Trump said of the eliminated regulations. “We want to leave it that way. In some cases, we wont be able to, but in other cases, we will.”

Epoch Times Photo
Barber Karl Manke cuts a clients hair at his barbershop in Owosso, Mich., on May 12, 2020. (Jeff Kowalsky/AFP/Getty Images)

Trump has made the cutting of regulations to trigger economic growth a hallmark of his administration.

The White House has not yet released the text of the emergency order.

According to the Brookings Institution, Trump had implemented 277 deregulation orders since he took office, while the Competitive Enterprise Institute noted that his administration has added just 3,281 rules to the Federal Register, which is the lowest on record dating back to the 1970s.

“Weve cut far more regulations by a factor of a lot than any other administration, any oRead More From Source

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The Epoch Times

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