by WorldTribune Staff, August 14, 2018
President Donald Trump’s demand to cut two old regulations for every new one issued is being met well ahead of schedule by federal agencies, a report said.
“With less than two months remaining in FY 2018, the Trump administration is well on its way to surpassing its regulatory budget goals,” said the report from American Action Forum.
In fact, the Labor and Health and Human Services agencies are eliminating Obama-era regulations and saving money faster than Trump’s demand, the report said.
“Collectively, executive agencies subject to a regulatory budget remain on pace to double the administration’s overall savings goal. On an individual basis, 12 of 22 agencies have already met or surpassed their savings target,” said the report written by Dan Bosch, the director of regulatory policy at the American Action Forum.
“The Department of Labor (DOL) enjoys the largest total savings of covered agencies with $417.2 million. The Department of Health and Human Services (HHS) comes in second in savings, but has a larger savings surplus (or the amount in excess of its FY 2018 target) than DOL at $285.6 million. The Department of Transportation (DOT) ranks third in annualized savings followed closely by the Department of Justice,” the report said.
Read the full report here