President Trump is following through on one of his main campaign promises by shrinking the amount of regulations in this country. The administration touts that it has delayed or withdrawn nearly 1,600 regulatory actions. This is according to the biannual report that the White House released on Thursday. President Trump campaigned on a pledge of eliminating two regulations for one new regulation. At a recent event covered by NBC News, the president said, “I am proud to announce that we beat our goal by a lot. Instead of eliminating two old regulations, for every one new regulation, we have eliminated 22 — that’s a big difference.”
The apparent goal of the administration is to take the country back to the 1960s level of regulation. The economy, which recovered under the Obama administration, has only strengthened under the Trump administration. Because of that, a question comes to mind. Is President Trump’s deregulation push good for the country?
ABC News showing President Trump’s speech on initiative to cut back government regulations:
Is President Trump’s deregulation push good for the country? Is it always better when the government doesn’t try to control everything? Or, is this push going to hurt the American people in the long run?
Page 2: Arguments for deregulation