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By Rachel Leven
Aug. 8 — Donald Trump would temporarily halt issuance of all new federal regulations, and then review and rescind regulations such as the Clean Power Plan as part of his economic agenda to spur economic growth, the Republican presidential nominee said Aug. 8.
Sparking “an energy revolution” is a large part of this plan, Trump said. He said his administration would lift “the restrictions on all sources of American energy,” not addressing comments he made last month in support of state and local communities' rights to enact hydraulic fracturing bans.
“The Obama-Clinton Administration has blocked and destroyed millions of jobs through their anti-energy regulations, while raising the price of electricity for both families and businesses,” Trump said in his address at the Detroit Economic Club. “I am going to cut regulations massively.”
These comments on energy production were consistent with his major energy address earlier this year. Trump said rescinding restrictions on oil, gas, coal and “all sources of energy” would benefit the economy by adding jobs and increasing wages, gross domestic product, government revenue and economic activity significantly over the short- and long-term.
More details of his economic agenda will be released in the coming weeks, according to the candidate.
Trump said he would implement a moratorium on new regulation once he became president to give businesses “the certainty they need to reinvest in our community, get cash off of the sidelines, start hiring for new jobs, and expanding businesses.” The examples Trump's campaign fact sheet cites for “targeted review” are largely environmental.
For example, Trump would begin a “targeted review” of the Environmental Protection Agency’s Clean Power Plan and Waters of the U.S. regulations, as well as a review the Interior Department’s federal coal leasing moratorium, according to the fact sheet. Executive actions such as the Climate Action Plan, which includes the power plan and the waters rule, would also be rescinded, the fact sheet said.
“A Trump Administration will end this war on the American worker, and unleash an energy revolution that will bring vast new wealth to our country,” Trump said in his speech.
A spokeswoman for Trump didn't respond to Bloomberg BNA's message requesting comment.
His fact sheet also repeats previous statements that he would rescind the Paris climate agreement, make land in the Outer Continental Shelf available to oil and natural gas producers, protect coal jobs and ask TransCanada Corp. to resubmit its permit application for the Keystone XL pipeline.
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