Donald Trump Plans to Cut Red Tape, but Impact Varies
Donald Trump aims to reduce regulations in key sectors like energy and financial services. However, his policies in areas such as immigration and healthcare may create new bureaucratic hurdles.
Dan Goldbeck, regulatory policy director at the American Action Forum, predicts a mixed impact. While Trump's deregulation efforts may benefit some industries, others may face increased regulations due to campaign promises.
Trump's plans to address immigration could involve mass deportations, which would require substantial regulatory measures.
Despite mixed results during his first term, Trump remains the top regulator-cutter in recent history. However, the process requires years, so changes will take time to materialize.
Goldbeck expects early executive orders targeting Biden-era regulations, potentially saving businesses billions of dollars.