The War on Regulation

The War on Regulation
AP Photo/Evan Vucci

A cornerstone of Donald J. Trump's presidential campaign was his declaration of war on regulation and the agencies that write it. He has promised repeatedly to get rid of 75 percent of rules now on the books. More recently, Steve Bannon, the chief policy guru in the Trump White House, defined the mission of the war more accurately as “deconstruction of the administrative state.”

Ten days after taking office, Trump issued an executive order to accomplish his regulatory pledge by requiring agencies to kill two rules for every new one they propose, and has held a press event to announce further attacks almost every day. Another major tool is the legislative veto of so-called “midnight” rules issued by the Obama administration in its last five months in office and the passage of “regulatory reform” legislation that would make future rulemaking very difficult. All of these changes are a dream come true for corporate lobbyists. The oil and gas industry alone spends $300 million annually to lobby Congress, and fields three lobbyists per member.

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