Finance

Aides: Trump Gutting Regulations To Open Up Economy

| by Lauren Briggs

President Donald Trump's aides said that he is working with his administration to deconstruct current regulations by eliminating wide factions of it in order to "open up the animal spirits of the economy."

The first to go? The Environmental Protection Agency (EPA), as well as the Departments of Energy, the Interior and Education, all of which Trump is working to gut as drastically as possible, according to Axios. He will begin by halting or withdrawing any of the Obama administration's rules that were not finalized, suspending hires, suspending "forthcoming grants to non-profit groups and universities pending review" and reopening major finalized rules that have "highly negative economic consequences," according to internal administration documents reportedly shared with Axios.

"This is an important area that has flown under the radar among Democrats, and even Republicans and conservatives," a senior transition source said, according to Axios. "President Trump plans to attack the regulatory state from every angle. The government has been captured by elites, which gets to the very core of what animates the president."

Indeed, Trump's cabinet members are known internally by some as "deconstructors" for their commitment to eliminate the agencies they are leading.

Popular Video

This young teenage singer was shocked when Keith Urban invited her on stage at his concert. A few moments later, he made her wildest dreams come true.

Rather than the slower process of going through Congress, which would require majority approval from legislators, Trump will continue to work primarily through executive action, his aides said.

The president is reportedly looking to eliminate the Obama administration's climate change regulations, such as the Clean Power Plan and the Climate Action Plan, while he will expand leasing options for offshore energy.

For education, Trump is expected to reduce funding to public schools, and send Title I directly to low-income families while introducing new education-based tax credits.

Trump's administration has already begun cracking down on the agencies they are looking to cut and has placed restrictions not only on funding and hiring processes but also on their ability to publicly disseminate information. The EPA, for example, is no longer allowed to release their scientific findings without approval from Trump's team, reports NPR.

Popular Video

This young teenage singer was shocked when Keith Urban invited her on stage at his concert. A few moments later, he made her wildest dreams come true:

"We'll take a look at what's happening so that the voice coming from the EPA is one that's going to reflect the new administration," Doug Ericksen, head of communications for the Trump administration's EPA transition team, told NPR on Jan. 24.

Sources: Axios, NPR / Photo Credit: Gage Skidmore/Flickr

Should the government stop mandating clean energy programs?
Yes - 0%
Yes - 0%