Trump DESTROYS Biden’s $1.7 Trillion Stranglehold

Stack of coins labeled funding with other coins stacks

President Trump has unleashed the most aggressive deregulation campaign in American history, slashing 646 burdensome regulations while adding only five new ones—a jaw-dropping 129-to-1 ratio that has saved Americans over $211 billion and dealt a crushing blow to the Biden administration’s regulatory stranglehold on our economy.

Story Snapshot

Trump’s deregulation achieved a historic 129-to-1 ratio, obliterating the 10-to-1 target and saving $211.8 billion
Major wins include eliminating FinCEN’s $128.6 billion beneficial ownership reporting burden and ending TSA’s $25.4 billion shoe removal rule
The Department of Government Efficiency under Elon Musk has streamlined agencies like USAID and CFPB
Independent agencies now face White House oversight, restoring presidential accountability over unelected bureaucrats

Crushing Biden’s Regulatory Stranglehold

President Trump wasted no time dismantling the Biden administration’s regulatory overreach upon returning to office in January 2025. Within hours of his inauguration, he rescinded Biden’s executive order on drug pricing, signaling an uncompromising stance against government interference in free markets. The administration then launched an unprecedented deregulatory blitz, issuing Executive Order 14192 that mandated agencies eliminate ten regulations for every new one introduced while maintaining net negative regulatory costs for fiscal year 2025. This aggressive approach directly countered Biden’s regulatory expansion that imposed an estimated $1.7 trillion burden on American families and businesses.

Trump Cuts Red Tape https://t.co/uCkfXcKrxU via @reason

— B.P. Majors 🐍🗽🔯 (@MajorsBruc34400) March 17, 2026

Record-Breaking Results for American Prosperity

The numbers speak for themselves: by late 2025, the Trump administration had eliminated or rolled back 646 regulations while implementing just five new ones. This staggering 129-to-1 ratio demolished the already ambitious 10-to-1 target set at the beginning of the term. OMB Director Russ Vought celebrated the achievement, noting it delivered more savings in under one year than Trump’s entire first term. The $211.8 billion in savings translates to over $600 for every American—real money back in the pockets of hardworking families crushed by Biden-era inflation and government overreach.

Unleashing Business Growth Through Smart Cuts

The deregulation campaign targeted some of the most burdensome and nonsensical rules plaguing American enterprise. The Financial Crimes Enforcement Network’s beneficial ownership reporting requirement alone cost businesses $128.6 billion annually—paperwork that did little to stop actual crime but strangled small businesses in red tape. The Transportation Security Administration finally ended its pointless shoe removal policy, saving travelers $25.4 billion in wasted time and inconvenience. These weren’t just symbolic victories; they represented fundamental shifts toward treating Americans like free citizens rather than subjects to be managed by bureaucratic overlords.

Restoring Constitutional Order to Rogue Agencies

Perhaps most significantly, Trump’s February 18 executive order subjected previously independent agencies like the FEC, FCC, SEC, and FTC to White House Office of Management and Budget review. This restored proper constitutional accountability by ensuring unelected bureaucrats answer to the president elected by the people. Critics complained about erosion of agency independence, but conservatives recognize this as correcting a fundamental problem: agencies accountable to no one often become tyrannical fiefdoms pushing agendas voters never approved. Executive Order 14219 further directed agencies to repeal unlawful regulations, prioritizing alignment with recent Supreme Court precedents that have rightfully curbed administrative overreach.

Elon Musk’s Efficiency Revolution

The Department of Government Efficiency, led by entrepreneur Elon Musk, became a powerful force for streamlining bloated federal bureaucracies. DOGE targeted wasteful government contracts and eliminated unnecessary positions at agencies like USAID and the Consumer Financial Protection Bureau—agencies that had become vehicles for progressive activism rather than serving their original missions. Musk’s private-sector approach to government waste identified inefficiencies career bureaucrats had protected for decades. While establishment critics claimed this hollowed out essential services, the reality is these agencies had grown far beyond their constitutional mandates, and trimming them back protects both taxpayer dollars and individual liberty from government expansion.