President Trump has not only made historic cuts in regulations in his first 100 days, but the costs of his handful of new rules are tiny compared to former President Barack Obama’s, a difference of $3.9 billion, according to a new analysis.
A new study from the American Action Forum found that Trump has imposed new regulations costing $28 million in his first 100 days, compared to the $4 billion erected by Obama in the same period.
Add in the cost savings of slashing Obama-era regulations, and AAF said that Trump has a “negative $3.6 billion” record, a total difference of $7.6 billion between Trump and Obama.
The numbers show the difference in approaches and what each president faced, with Obama up against a crumbling economy and crooked mortgage and finance system and Trump eager to slash regulations he felt are strangling the U.S. economy.
“Both progressives and conservatives can point to the data here as an example of the success or failure of the first 100 days of regulatory policy,” said AAF’s Director of Regulatory Policy Sam Batkins.
“For those skeptical that there was going to be a profound difference between the regulatory records of President Obama and President Trump, the $7.6 billion difference in just the first 100 days should assuage those doubts,” he added.