WASHINGTON, DC – JANUARY 20: U.S. President Donald Trump waves to supporters along the parade route with first lady Melania Trump and son Barron Trump after being sworn in at the 58th Presidential Inauguration January 20, 2017 in Washington, D.C. Donald J. Trump was sworn in today as the 45th president of the United States (Photo by Evan Vucci – Pool/Getty Images)∧
President Donald Trump doubled-down on his campaign promises to massively deregulate the economy during a meeting at the White House Monday morning.
Trump said he would “cut regulations by 75 percent,” in a move that would drastically change the regulatory landscape of the American economy.
Trump has repeatedly pledged to end “all unnecessary regulations” imposed on the energy industry, to “dismantle” the 2,300-page Dodd-Frank Wall Street Reform And Consumer Protection Act, and to put a moratorium on any new regulations when he takes office.
His promise Monday was the first step in coming through on his campaign agenda. The president also pledges to order federal agencies to “identify job-killing regulations that should be repealed.”