President Donald Trump made good on another campaign promise by signing an executive order cutting U.S. regulations.
The order, signed by Trump on Monday, zeroes in on federal regulations by government agencies and requires cutting out two regulations for every new one being introduced, the Daily Mail reported.
How about for every Trump appointment approved, 2 more have to go? https://t.co/mY7jcFFAWy #ResistTrump #ResistFromDay1 #resistpeacefully
— Jeff Sand (@jsand42) January 30, 2017
“The American Dream is back. We’re going to create an environment for small business like we haven’t had in many, many decades,” the president told a group of small-business owners at the White House before signing the “one in, two out” plan which he called a “big one.”
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The order requires agencies to control budget costs for new rules, with exceptions for emergencies and matters of national security.
“We want to make … life easier for small businesses,” Trump said. “There can’t be any discrimination.”
The president added that he would like to continue by eliminating up to 75 percent of existing regulations that burden American businesses.
“This isn’t a knock on President Obama. This is a knock on many presidents preceding me – this is a knock on everybody,” he said. “Regulation has been horrible for big business, but it’s been worse for small business.”
The president is “delivering on his promise to slash bureaucratic red tape that is choking our nation’s small businesses,” White House Press Secretary Sean Spicer said Monday, according to the Daily Mail.
“Under the president’s leadership, the federal government will no longer punish Americans for working and doing business in the United States,” Spicer said.
President Trump speaks to #smallbiz owners & leaders today prior to signing Exec. Order on cutting government #regs– https://t.co/7ssGo0Jb7R
— SBE Council (@SBECouncil) January 30, 2017
Business owners who met with Trump before he signed the order were grateful, noting how that have been “buried in a tidal wave of red tape,” as land developer Dennis Bradford said.
“Regulation has been horrible for big business, but it’s been worse for small business,” Trump said. “I’ve dealt with the small businesses and the big businesses, and I love you all the same.”
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Originally from New York, Powers graduated from New York University and eventually made her way to sunny South Florida where she has been writing for the BizPacReview team since 2015.
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