Friends of Manufacturing

Trump’s order to cut government regulation is even bolder than it seems


President Trump’s Jan. 30 executive order got plenty of attention for the provision that would eliminate two regulations for every new one that’s issued. “So if there’s a new regulation, they have to knock out two,” he told reporters when he signed it last month.

But the real power of the measure – if it’s strictly implemented – is a different provision. That provision dictates that “the total cost of all new regulations, including repealed regulations, to be finalized this year shall be no greater than zero, unless otherwise required by law or consistent with advice provided in writing by the Director of the Office of Management and Budget.”

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