TO: WHITE HOUSE COMMS STAFF
FROM: CEA STAFF
SUBJECT: President Trump’s Actions Will Save Nearly $11,000 Per Family of Four Over the Coming Years

President Donald J. Trump has taken major steps to reduce the size of the administrative state and reduce the volume of regulations impacting American households and businesses. The administration expects major cost savings from the President’s aggressive deregulatory agenda as firms respond to the improved business environment over the next several years. Upon taking office, President Trump immediately blocked all unfinalized Biden era rules, saving Americans over $180 billion — $2,100 per family of four — and launched a bold, multi-agency effort to roll back existing federal regulations that drive up the cost of living. This effort is projected to yield significant cost savings in the coming months, including the EPA’s rollback of tailpipe emission rules for light-duty and medium-duty vehicles ($667 billion in total savings) and the Department of Transportation’s latest Corporate Average Fuel Economy (CAFE) standards ($88 billion in savings). These two efforts alone yield $755 billion in total savings or over $8,800 per family of four. The combined savings from all of these actions equal just over $935 billion or nearly $11,000 per family of four over the coming years.br/>
The Trump Administration has implemented an aggressive 10-to-1 deregulatory initiative, which requires that whenever an agency proposes a new rule or guidance document, it must eliminate 10 existing rules or guidance documents. This effort builds on the successful deregulatory initiative introduced in President Trump’s first term, which required the repeal of at least two existing regulations for each new rule, and in practice eliminated 5.5 rules for each new significant rule.br/>
President Trump has already issued more than a dozen presidential actions mandating a wide range of deregulatory relief, including:br/>
The recission of burdensome executive orders and proposed regulations.br/>
The ending of Federal DEI programs and preferencing.br/>
The elimination of regulatory hurdles to greater energy production and natural resource extraction.br/>
The targeted elimination of regulations to reduce the cost of housing, healthcare, consumer appliances, food, and energy.br/>
The removal of barriers to American leadership in artificial intelligence.br/>
The elimination of rules thwarting innovation in digital assets and financial technology.br/>
The removal of regulatory obstacles to significant foreign investments in the U.S.br/>
Emergency measures to reduce regulatory burdens stifling California’s access to water resources.   back...