Trump signed an executive order days after taking office in January that directed agencies to identify two regulations to cut for every new one they meant to issue.
Trump concluded the remarks by cutting a ribbon representing the red tape connecting a stack of 20,000 pages of federal regulations which represented government regulations in 1960 and a 185,000-page pile representing regulation today.
"Today I'm proud to announce we beat our goal by a lot", he said. "We aimed for two-for-one, and in 2017 we hit 22-for-one". "We canceled or delayed over 1,500 planned regulatory actions - more than any previous president by far". "This is where we were in 1960, and when we're finished, which won't be in too long a period of time. we will have a great regulatory climate", Trump said. The White House did not respond to a request for comment on the issue.
"President Trump on Thursday touted his record of cutting federal regulations - claiming the rules delayed infrastructure projects, forced businesses to close and cost millions of jobs".
"The never-ending growth of red tape in America has come to a sudden, screeching and handsome halt", he added.
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"I think that Senator Rubio will be there, for sure", Mr. Trump said. "That's a big difference", Trump said.
Trump promised to continue the deregulatory push in the second year of his administration.
The unified agenda says agencies plan to finalize three deregulatory actions for every new regulatory action in 2018, which they estimate will saving $686.6 million per year.
Trump said he wants to get under 1960 levels while still protecting workers' safety and the environment.
"Trump wants to take our country back to a 1960s level of regulation". I don't think any Americans are nostalgic for burning rivers, haze you can't see through, exploding cars and cars with no seatbelts. "But apparently President Trump is", said Amit Narang of Public Citizen, a consumer advocacy group.