- President Donald Trump held a deregulation event on Thursday.
- He stood next to huge piles of paper and cut red tape.
President Donald Trump concluded a press conference about his administration’s progress on cutting regulation on Thursday by standing in front of a massive stack of papers and cutting a literal band of red tape.
After speaking to reporters about the number of regulations he has eliminated and how the cuts would advance his agenda, the president moved over to a stack of paper taller than he is, signifying the number of regulations that exist at the federal level today. Crossing the enormous pile was a ribbon of red tape.
This red tape was crucial to Trump’s message on deregulation, and a tweet he sent soon after his statements highlighted this element of the process conference.
“Today, we gathered in the Roosevelt Room for one single reason: to CUT THE RED TAPE!” Trump wrote. “For many decades, an ever-growing maze of regs, rules, and restrictions has cost our country trillions of dollars, millions of jobs, countless American factories, & devastated entire industries.”
Here are some photos and a video from the event:
Trump, with scissors in hand, prepared to cut the red tape.
“So this is what we have now, and this is where we were in 1960, and when we’re finished, which won’t be in too long a period of time, we will be less than where we were in 1960, and we will have a great regulatory climate,” Trump said, with his daughter Ivanka and others behind him.
“She has a lot to do with it, she has things called roads,” Trump said about secretary of transportation Elaine Chao, who was standing off to the side, “And bridges, right?”
“One, two, three — ” Trump counted down before cutting the red tape to applause.
— Business Insider (@BusinessInsider) December 14, 2017
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