TO: WHITE HOUSE COMMUNICATIONS STAFF
FROM: COUNCIL OF ECONOMIC ADVISERS STAFF
SUBJECT: Projected Savings of Nearly $11,000 Per Family of Four Due to President Trump’s Initiatives
President Donald J. Trump is embarking on a significant journey to shrink the administrative footprint of the federal government while simultaneously slashing regulations that affect American families and businesses. The administration anticipates substantial financial relief for households as a result of this bold deregulatory strategy. Upon assuming office, President Trump swiftly suspended all pending regulations from the Biden administration, a move that is projected to save Americans upwards of $180 billion — or approximately $2,100 per family of four —. Furthermore, he has initiated a comprehensive multi-faceted approach aimed at dismantling existing federal regulations that contribute to escalating living costs.
This deregulatory endeavor is expected to yield significant savings in the near future. For instance, the Environmental Protection Agency’s decision to revise tailpipe emissions regulations for light and medium-duty vehicles is projected to lead to $667 billion in savings, while the Department of Transportation’s latest adjustments to Corporate Average Fuel Economy (CAFE) standards are expected to save an additional $88 billion. The cumulative impact of these initiatives totals an impressive $755 billion, translating to over $8,800 per family of four. When all actions are accounted for, the total projected savings exceed $935 billion, equating to nearly $11,000 per family of four over the upcoming years.
The Trump Administration is championing an ambitious 10-to-1 deregulatory initiative, which mandates that for every new rule or guidance proposed, ten existing regulations must be eliminated. This builds on the previous successful deregulatory framework from President Trump’s first term, which required the removal of at least two regulations for each new rule introduced. In practice, this initiative has resulted in the elimination of 5.5 rules for every significant new regulation.
To date, President Trump has taken decisive action through more than a dozen presidential orders aimed at providing extensive deregulatory relief. Notable among these are:
Emergency measures designed to alleviate regulatory obstacles hindering California’s access to vital water resources.
