Trump Behind on Promise to Cut Two Rules for Every New One, Study Shows

The Washington Times cites CEI’s 10kc report:

The Competitive Enterprise Institute’s annual report on the cost of regulations found that Mr. Trump cut regulations at a rate of about 1.7 for every new rule imposed in fiscal 2019. The president has claimed recently that he’s far exceeded his two-for-one guideline since 2017.

The total annual cost of regulations remains more than $1.9 trillion in what CEI calls “hidden taxes,” and new coronavirus spending will add more rules to that total, the Institute said. It exceeds the total of corporate and personal income taxes combined.

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