Donald Trump gave a detailed speech about his economic plan in New York Thursday, during which he pledged to end the “regulation industry” on his first day in the Oval Office.
“Next comes regulations,” Trump told the crowd. “One of the keys to unlocking growth is scaling back years of disastrous regulations, unilaterally imposed by out of control bureaucrats.”
“Regulations have grown into a massive job killing industry,” he continued. “The regulation industry is one business I will absolutely put to an end on day one.”
In his prepared remarks, Trump explained how he would “put an end” to job killing regulations.
In 2015 alone, federal agencies issued over 3,300 final rules and regulations, up from 2,400 the prior year. Every year, overregulation costs our economy $2 trillion dollars a year and reduces household wealth by almost $15,000 dollars.
I’ve proposed a moratorium on new federal regulations that are not compelled by Congress or public safety, and I will eliminate all needless and job-killing regulations now on the books.
This includes eliminating some of our most intrusive regulations, like the Waters of The U.S. Rule. It also means scrapping the EPA’s so-called Clean Power Plan which the government itself estimates will cost $7.2 billion a year. This Obama-Clinton directive will shut down most, if not all, coal-powered electricity plans in America. Remember what Hillary Clinton said? She wants to shut down the miners, just like she wants to shut down the steel mills.
We’re going to put our great miners and steel workers back to work.