That is a larger figure than all but eight economies in the world. It's 12% of our GDP. That's the cost that we heap on job creators every year. And so My regulation, Moratorium and Job Preservation act would stop the issuance of all new rules and regulations until the unemployment rate dropped below 7.8%. which is where it was when President Obama took office. Now people will say, wait a second, another Republican trying to drop regulation so we have a polluted society with bad air and no ozone. (00:50–01:02)
CLAIM
Asserts that his proposed act would halt new regulations until unemployment is below 7.8%.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
