Heritage Explains 056: Here’s How Much Red Tape Trump Has Cut

The Trump administration reported $23 billion in savings in fiscal year 2018 just by cutting red tape! Trump pledged to “massively” reduce regulation—and he’s keeping that promise. The president’s authority to modify regulation is limited and reform is difficult because powerful forces favor the status quo. Regulation is a political spoils system by which special interests impose their will on the public and profit from government favor. That’s what makes the Trump administration’s reforms so important. And the need for reform has never been greater.