Cass R. Sunstein, Columnist

There’s an Alarming Statistic in Trump’s Record on Regulations

Costs are down. So are improvements in public health and safety.

How do you put a cost on the high level of traffic deaths?

Photographer: Frederic J. Brown/AFP/Getty Images

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After an unprecedented delay, the Donald Trump administration has released what is required by law to be an annual report on the costs and benefits of federal regulations. The good news in this important document is that in the last two years, the costs of federal regulations have been stunningly low.

The less good news is that in the last two years, the benefits of federal regulations have been...stunningly low. A central reason is that in this period, relatively few regulations have been issued that had a significant economic impact.