Trump takes axe to federal red tape, cuts 600+ rules in one year, touts billions in savings

Key Highlights

• Trump did not hesitate to take action to cut red tape as soon as he took office — after former President Joe Biden’s administration introduced hundreds of new rules every year during his term in the White House.
• As a result, Trump signed an executive order in January instructing federal agencies to eradicate 10 regulations for every new one implemented.
• As a result, agencies submitted more than 1,300 proposals to OMB’s Office of Information and Regulatory Affairs (OIRA) in 2025 — resulting in a total of 646 deregulatory actions this fiscal year, according to the Office of Management and Budget (OMB).
• The Trump administration has cut more than 600 rules and regulations in the past year.
• (Yuri Gripas/Abaca/Bloomberg via ) Altogether, the deregulatory actions have amounted to $211.8 billion in net cost savings in fiscal year 2025, translating to more than $600 per American, according to OMB.