Staff Reports
During his first term, Donald Trump made a bold move, proposing that the growing swamp of government regulations needed a good draining. For each regulation that waddled into existence, he insisted two must be dragged out. Fast forward to this week, and Trump has ramped that up to an astonishing 10 cuts for every one new regulation. It’s as if he’s taken a giant-sized broom to the federal books, preparing to sweep out the excess with a vengeance.
In a recent appearance at the Economic Club of New York, Trump boasted about being the only president in modern history who actually reduced the regulatory burden. He was quick to claim his record as one of substantial meaning, making it clear that when he returns to the Oval Office, his mission will be to slice through the red tape like a hot knife through butter. Trump confidently proclaimed he could effortlessly eliminate ten old regulations for every shiny new one that dares to make an appearance.
PRESIDENT TRUMP: THIRD, I will launch a historic campaign to liberate our economy from crippling regulation. In my first term, I pledged to cut 2 old regulations for every one new regulation—and we did much better than that. Yet over the past 4 years, Kamala has added $6,300… pic.twitter.com/hyyVwV0L3I
— Trump War Room (@TrumpWarRoom) September 5, 2024
The former president didn’t shy away from poking fun at the regulatory mess left behind by President Biden. This charge could easily be linked to Vice President Kamala Harris, who happens to be gearing up for a showdown against Trump in the upcoming election. With Biden’s approval ratings lower than a snake’s belly and questions swirling around his age, it seems the Democrats are hoping to shuffle the deck and hand Harris the cards instead.
Having a reputation for being business-friendly, Trump also took a swing at the Biden administration’s attempts to tighten the reins on the cryptocurrency sector. While the current regime is busy knitting a cozy regulatory blanket, Trump has stepped up to champion innovation, promising to position America as the world’s leading hub for crypto and bitcoin. This is a refreshing change from the Democrats’ usual instincts to regulate first and ruin later.
The blueprint to roll back Biden-era regulations would resemble a well-oiled machine loaded with multi-pronged strategies. Trump plans to leverage executive orders to overturn many of the previous administration’s rules and team up with Congress to cancel even more using the Congressional Review Act. This nifty little tool allows Congress to cut through the red tape with expedited votes to toss out regulations. To top it off, the Republicans are pushing for the REINS Act, a piece of legislation that would require Congress to give a thumbs-up to any significant rule proposed by bureaucratic overlords before it could slither into action.
As if that wasn’t enough, Trump is also floating the idea of establishing a government efficiency commission — a concept inspired by none other than Tesla’s own Elon Musk. This commission would conduct a thorough financial and performance audit of the entire federal government, leading to recommendations for “drastic reforms.” Given the size of the bureaucratic beast, this could be quite the undertaking, but if anyone can tackle it, it’s Trump.
