President Donald Trump signs executive order in the Oval Office Monday morning “cutting regulations massively for small business.”
He says it will be the “biggest such act that our country has ever seen.”
This new executive order will expand regulatory review with the aim of dramatically peeling back federal regulations.This order is the Trump administration’s first step in their regulation reform project.
He signed the order on Monday morning in front of a group of business people were he laid out his reasons fro signing the executive order and said it was aimed at “cutting regulations massively for small business”.
Other members of the administration also commented on the executive order with White House spokesman Sean Spicer calling it the “first step” in repealing the majority of regulations for businesses across America.
In a statement on Monday night President Trump said that the “American dream is back” and that he would “create an environment for small business,” by ending or limiting existing regulations.
However the big company’s did not take to well with the news as cuts for them would be good but cuts for small business is not what the big corporations want to hear.Goldman Sachs boss Lloyd Blankfein commented on the executive order saying “not a policy we support”.
However two days earlier they went to the white house to visit trump about cuts and regulation slashes for big business,so some how it works for them but no for small business.
read more – time.com