Monday is “Deregulation Day” for the federal government as declared by President Donald Trump, and thus is an opportune time to deliver the findings of The Heritage Foundation’s latest tracking of regulation.

The bad news is that the final year of the Obama administration brought the private-sector costs of its reign of regulatory excess to $122 billion a year.

And that’s the low-ball figure.

On the other hand, the Trump administration, in its first six months, launched a multifaceted reform agenda that has slowed regulatory output. | More…