President Donald Trump signed an Executive Order mandating the repeal of 10 existing regulations for each new one introduced. The initiative, aimed at reducing regulatory costs below zero in fiscal year 2025, seeks to combat inflation and boost economic growth by curbing government rules.
Trump criticized the Biden administration’s $1.7 trillion in regulatory costs, arguing overregulation stifles small businesses, innovation, and consumer choice while driving up energy prices. The new order builds on Trump’s earlier success, where five regulations were cut for each new one enacted during his first term.
The administration hopes this aggressive deregulation effort will spur entrepreneurship and lower living costs for Americans.
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