US Republican candidate for the November 8 presidential election, Donald Trump, says about 70% of federal regulations would be scrapped if he is elected into office.
Mr. Trump who said this on Thursday night during a town hall in New Hampshire, added that many of those regulations are clogging business processes and enterprise in America, which in his opinion have a negative effect on America’s economy.
“We need regulation but immediately every agency will be asked to rate the importance of their regulations and we will push to remove 10 percent of the least important.”
“It’s just stopping businesses from growing.” Trump said.
The Republican candidate says he vigorously wants to streamline these regulations in a bid to stimulate economic growth and aid capital in-flows.
He specifically singled out the energy industry as an area that he wants regulations reduced.
