President. 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. 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. (00:26–00:33)
CLAIM
Asserts that regulations cost American households approximately $16,000 annually.
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