Trump promises to wipe out business-hindering regulations

According to an article by the Washington Post, President Donald Trump spent his first formal day in the White House with several of the country’s largest corporations, promising to get rid of at least 75 percent of government regulations that hinder businesses. He also promised to fast-track their plans to open factories and cut taxes.

“We’re going to be cutting regulation massively,” Trump told a large group of business chief executives. “Now, we’re going to have regulation, and it’ll be just as strong and just as good and just as protective of the people as the regulation we have right now. The problem with the regulation that we have right now is that you can’t do anything. … I have people that tell me that they have more people working on regulations than they have doing product.”

Read the full article here.