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President Donald Trump told business leaders on Monday he believes he can cut regulations by 75 percent or "maybe more."
At the White House with 10 senior executives, he repeated his campaign pledges to roll back corporate rules, arguing that they have "gotten out of control." A White House spokesman did not immediately respond to a request to elaborate on which rules Trump will target or how the 75 percent was calculated.
"We're going to be cutting regulation massively," but the rules will be "just as protective of the people," Trump told reporters at the meeting that included Tesla Motors CEO Elon Musk and Under Armour CEO Kevin Plank.
originally posted by: Kaploink
Just remember than many regulations are supported by business to make entry in the market harder. The big guys will not likely support removing 75 percent of the regulation if it means they will face increased competition. You can bet they will spend millions lobbying congress against it.
originally posted by: eluryh22
a reply to: xuenchen
Without knowing specifically what regulations are on the chopping block, I don't see how anyone can form an informed, educated opinion.
originally posted by: iTruthSeeker
I am noob with this sort of thing, but does it essentially means that there will be much less risk and much more chance of success when starting a business?
originally posted by: damwel
Why sure, let them do anything they want in search of the almighty profit $. No reason to regulate things, see billionaires will all do what's best for the middle class