ARTICLE
"I will formulate a rule, which says that for every one new regulation, two old regulations must be eliminated," the president said. They're the words many American businesses were waiting to hear. President Trump said he wants to eliminate roughly 75 percent of regulations on businesses. He made the comments Monday during a meeting with CEOs from several large American companies. "We are very excited and the prospect of realizing that our businesses are going to be able to grow," said Michelle Griffin Young, the vice president of government and external affairs for the Greater Lehigh Valley Chamber of Commerce. Young said, in the past, some regulations have held back that growth. Steve Markowitz, the president of Lehigh County-based Allen Organ, said he agrees, adding that while regulations that protect health, safety and the environment are good, some business are so overwhelmed with regulations that it impacts their ability to operate. "Certainly, most of them start off with good intentions. The question is how much do they cost to implement and do we as a society benefit from the results of those regulations that justify the cost," said Markowitz. U.S. Sen. Bob Casey, a Pennsylvania Democrat, said he will fight any attempt to reverse regulations on protecting clear air, water and rules that hold Wall Street accountable. "If President Trump wants to have a discussion about ways to help businesses create jobs while maintaining basic safety protections, then that's an area of potential bipartisan consensus," Casey said. "I look forward to President Trump laying out exactly what he intends." Read the original article here.
"I will formulate a rule, which says that for every one new regulation, two old regulations must be eliminated," the president said.
They're the words many American businesses were waiting to hear. President Trump said he wants to eliminate roughly 75 percent of regulations on businesses. He made the comments Monday during a meeting with CEOs from several large American companies.
"We are very excited and the prospect of realizing that our businesses are going to be able to grow," said Michelle Griffin Young, the vice president of government and external affairs for the Greater Lehigh Valley Chamber of Commerce.
Young said, in the past, some regulations have held back that growth.
Steve Markowitz, the president of Lehigh County-based Allen Organ, said he agrees, adding that while regulations that protect health, safety and the environment are good, some business are so overwhelmed with regulations that it impacts their ability to operate.
"Certainly, most of them start off with good intentions. The question is how much do they cost to implement and do we as a society benefit from the results of those regulations that justify the cost," said Markowitz.
U.S. Sen. Bob Casey, a Pennsylvania Democrat, said he will fight any attempt to reverse regulations on protecting clear air, water and rules that hold Wall Street accountable.
"If President Trump wants to have a discussion about ways to help businesses create jobs while maintaining basic safety protections, then that's an area of potential bipartisan consensus," Casey said. "I look forward to President Trump laying out exactly what he intends."
Read the original article here.