It's estimated that regulations cost our economy $2.1 trillion. President Trump has said he promises to eliminate 10 regulations for each new regulation. He's rewriting workplace regulations. The annual cost to American households is about 16,000 annually [due to regulations]. Look, we need regulations. We need a certain level of regulations, of course, but the amount of regulations that have been built on. And government never goes back and looks at old regulations. (17:08–17:15)
CLAIM
Asserts that regulations cost American households approximately $16,000 annually.
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