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re: Unemployment rate drops to 4.1%.
Posted on 11/3/17 at 9:05 am to wickowick
Posted on 11/3/17 at 9:05 am to wickowick
quote:
Has Trump's administration raised or lowered regulations on businesses?
I am genuinely interested in which slashed regulation(s) caused unemployment to be higher... Any help in providing that?
Posted on 11/3/17 at 9:18 am to RIPMachoMan
quote:
I am genuinely interested in which slashed regulation(s) caused unemployment to be higher... Any help in providing that?
quote:
"The results are substantial: new regulatory burdens are a fraction of those established under President Obama's first six months; overall regulatory volume has slowed to historically low levels; and a number of notable deregulatory measures have been initiated," said AAF's Dan Goldbeck.
The report reviewed the first 200 days of regulatory actions by the Obama and Trump administration:
Total final rule costs: $24.4 billion for Obama vs. $1.2 billion for Trump.
Annual final rule costs: $4.2 billion for Obama vs. $378 million for Trump.
Paperwork burden: 6,803,249 hours for Obama vs. 848,239 for Trump.
"Compared to the Obama administration, the Trump administration has imposed: 1/20th of the lifetime costs, 1/11th of the annual costs, and 1/8th of the paperwork. With nearly 6 million fewer paperwork burden hours, that amounts to the workload savings of roughly 3,000 full-time employees," said the AAF report.
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