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President Trump touts $300M in reclaimed regulatory costs

Joe Mont | October 4, 2017

Earlier this week, President Trump and his administration had planned speeches and events to tout ongoing deregulation efforts.

The mass shooting in Las Vegas on Oct. 2 forced an abrupt change of plans and dialing back the bombast. Rather than a major policy speech by Trump, the deregulatory message was spread throughout the week.

The overarching message hammered home by the "Cut the Red Tape" initiative: regulatory revisions, recisions, and delays have saved businesses and taxpayers an estimated $300 million in annual costs (detailed data on how that number was calculated has yet to be released).

On Oct. 3, Treasury Secretary Steven Mnuchin convened a forum with academics, policymakers, advocates and industry stakeholders to the Treasury Department to discuss these efforts.

According to the Treasury Department, a common theme emerged from both attendees and the speakers: “efficiency and certainty in regulatory regimes will stimulate growth and level the...

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