![]() Small businesses have “been treated very, very badly,” he told the small-business leaders, vowing to “create an environment for small business like we haven’t had in many, many decades.” “And we’ll be reducing them big league and their damaging effects on our small businesses, our economy, our entrepreneurial spirit,” he pledged. In a statement from the Roosevelt Room previewing his executive order, Trump had teased that he would be taking action later Monday morning “to begin our effort to dramatically reduce federal regulations.” “President Trump’s executive order helps bring the nation’s regulatory regime into the 21st century by putting regulators on a budget, and addressing the costs agencies can impose each year.” “The explosion of federal regulations has hamstrung small business growth and crippled our economy,” he said. House Speaker Paul Ryan applauded the order in a statement Monday afternoon, noting that it builds on House Republicans’ “Better Way” agenda and comes as the lower chamber is set to repeal a number of Obama era regulations this week. And it says the net incremental cost for fiscal 2017 should “be no greater than zero,” meaning the cost of new regulations should be offset by existing rules that will be rescinded. The executive order calls for agencies to pinpoint “at least two” current regulations to be repealed for each new proposed regulation. But for small business, and that’s what this is about today.” The president added that “it goes far beyond that.” “We’re cutting regulations massively for small business - and for large business,” he said. So if there’s a new regulation, they have to knock out two.” “But if we do, the only way you have a chance is we have to knock out two regulations for every new regulation. ![]() ![]() 1, we’re not gonna approve it because it’s already been approved probably in 17 different forms,” Trump said. ![]()
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