Delivering Emergency Price Relief for American Families and Defeating the Cost-of-Living Crisis

Memorandums

TLDR

This executive memorandum aims to combat inflation through deregulation, targeting housing, healthcare, appliances, employment, and energy sectors. It mandates 30-day progress reports and claims Biden-era policies cost households $50,000, while asserting Trump-era policies saved $11,000. The order lacks specific implementation details or timelines.

This executive memorandum focuses on addressing inflation and cost-of-living concerns.

The order characterizes the previous administration’s policies as causing inflation through increased government spending and regulatory burdens. It specifically claims that Biden-era policies imposed costs of approximately $50,000 per average American household, contrasting this with a claimed $11,000 reduction during Trump’s first term.

The order identifies several key sectors for price relief:

  • Housing costs and supply
  • Healthcare administrative expenses
  • Home appliance regulations
  • Employment and labor force participation
  • Energy and climate policy impacts on food and fuel costs

Implementation Framework

Oversight structure:

  • The Assistant to the President for Economic Policy must provide reports every 30 days
  • All executive departments and agencies are directed to pursue price relief measures
  • Actions must be consistent with applicable law

The order’s assertion that regulatory requirements account for 25% of new home construction costs requires scrutiny. This figure appears to be used to justify deregulation without addressing other market factors affecting housing prices.

The order takes a broad deregulatory stance, particularly targeting environmental and climate policies. However, it doesn’t specify:

  • Concrete implementation steps

  • Specific regulations to be modified or eliminated

  • Quantifiable goals for price reduction

  • Timeline for expected results

  • The broad scope of the order may lead to implementation difficulties

  • Legal challenges could arise from environmental groups

  • The 30-day reporting requirement may be too short for meaningful progress measurement

  • The order assumes direct causation between regulations and prices without addressing other economic factors

This executive order represents a significant shift in economic and regulatory policy, focusing on deregulation as the primary tool for addressing inflation and cost-of-living concerns. Its effectiveness will largely depend on specific implementation measures and the ability to navigate existing legal frameworks while making these changes.

Over the past 4 years, the Biden Administration’s destructive policies inflicted an historic inflation crisis on the American people. The Biden Administration not only exploded Government spending, artificially and unsustainably stimulating demand, but it simultaneously made necessary goods and services scarce through a crushing regulatory burden and radical policies designed to weaken American production. Hardworking families today are overwhelmed by the cost of fuel, food, housing, automobiles, medical care, utilities, and insurance.

In particular, the assault on plentiful and reliable American energy through unnecessary and illegal regulatory demands has driven up the cost of transportation and manufacturing. In addition, the unlawful regulatory mandate on companies to effectively eliminate many or most gas-powered vehicles has resulted in artificial price increases on those popular vehicles to subsidize electric vehicles disfavored by consumers.

Moreover, many Americans are unable to purchase homes due to historically high prices, in part due to regulatory requirements that alone account for 25 percent of the cost of constructing a new home according to recent analysis.

In sum, unprecedented regulatory oppression from the Biden Administration is estimated to have imposed almost $50,000 in costs on the average American household, whereas my first-term agenda reduced regulatory costs by almost $11,000 per household. It is critical to restore purchasing power to the American family and improve our quality of life.

I hereby order the heads of all executive departments and agencies to deliver emergency price relief, consistent with applicable law, to the American people and increase the prosperity of the American worker. This shall include pursuing appropriate actions to: lower the cost of housing and expand housing supply; eliminate unnecessary administrative expenses and rent-seeking practices that increase healthcare costs; eliminate counterproductive requirements that raise the costs of home appliances; create employment opportunities for American workers, including drawing discouraged workers into the labor force; and eliminate harmful, coercive “climate” policies that increase the costs of food and fuel. Within 30 days of the date of this memorandum, the Assistant to the President for Economic Policy shall report to me and every 30 days thereafter, on the status of the implementation of this memorandum.