Report: Trump halted $181 billion in regulatory costs on first day in office

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President Trump gave new hope to small businesses in the U.S. by reducing regulations, just as he promised during his campaign.

In one of his first acts as president, Trump effectively halted nearly $200 billion worth of regulations, according to a new analysis.

The President signed an executive order Monday to cut two regulations from the books when every new rule is introduced.

The American Action Forum, a center-right policy institute, concluded that order resulted in stopping rules that would cost the economy $181 billion. It will also reportedly save 5.5 million hours of paperwork. And that was on Day One of his presidency.

Corrie O'Connor

 

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