Trump’s Deregulation Will Add $3,100 in Income Per Household, Study Finds

President Donald Trump uses gold scissors to cut a red tape tied between two stacks of papers representing the government regulations of the 1960s (L) and the regulations of today (R) after he spoke about his administration's efforts in deregulation in the Roosevelt Room of the White House on Dec. 14, 2017. Saul Loeb/AFP/Getty Images

President Donald Trump’s deregulation agenda will result in $3,100 of additional income per U.S. household in five to 10 years, according to a two-year study by the Council of Economic Advisers.

Trump campaigned on a promise to cut through government red tape in Washington and unleash the power of American businesses. In an effort to quantify the benefits of deregulation, the Council of Economic Advisers (CEA) embarked on a study in 2017, using a range of data and tools.