MORE LIKE THIS, PLEASE: Nixing Regulations Saved Taxpayers $1.3 Billion This Year.

That $1.3 billion number is actually double the goal that Trump had set for these savings, according to the Washington Times. Casey Mulligan, chief economist at Trump’s Council of Economic Advisers, told the newspaper that the reason the figure wound up being double the administration’s goal was because Barack Obama’s administration had actually far underestimated just how much its regulations were costing Americans.

“President Trump is not getting rid of all regulations by any means,” Mulligan said. “But some of the most problematic ones, he’s getting rid of them.”

The savings are nice, but the ripple effects of increased competition and innovation are the major benefit. So keep cutting that red tape.