Donald Trump Used Faulty Data to Argue How Much Overregulaiton Costs the U.S
Type: Misleading StatementsFeb 14 2017 Severity:
During a listening session with retail executives, Trump talked about an executive order cutting regulations as well as cited a figure found in research from the Competitive Enterprise Institute and the National Association of Manufacturers. The findings are disputed and criticized for flawed methodology and for ignoring the economic benefits of regulation.
Quote | The findings in the data are considered to have flawed methodology.
“The overregulation costs our economy an estimated $2 trillion a year, which is incredible — $2 trillion,” Trump told retail executives, in order to support an executive order which would cut regulations.