The Trump administration’s war on Obama-era regulations is set to nearly double this year’s goal — and potentially go much further — after getting off to a slow start, according to budget experts.
With plans to cut $18 billion worth of regulations in fiscal year 2019, which ends in September, the administration is poised to boost that to $33 billion, according to a mid-year review by the budget watchdog American Action Forum.
What’s more, the administration is moving toward a regulatory cut that the review said would cut an additional $561 billion, 31 times this year’s goal.
Despite the current net cost figure, the administration appears poised to see net savings on the back end of FY 2019. The overwhelmingly largest component of the upcoming deregulation is the Environmental Protection Agency’s expected repeal of the ‘Clean Power Plan,’ with $51.6 billion in currently estimated total ‘avoided costs.’ Other rules with notable cost reductions include a pair of significant rules also affecting energy production as well as the first stage of the administration’s reconsideration of the ‘Water of the United States’ rule.