Emergency Order to Slash Prices: Beating the Cost-of-Living Crunch Now
Published Date: 1/28/2025
Presidential Document
Summary
The government is stepping up to help American families hit hard by rising prices on fuel, food, housing, and more. New actions will cut unnecessary rules and costs, boost housing and jobs, and roll back pricey climate policies—all aiming to make life more affordable fast. Expect to see these changes start rolling out within the next month, putting money back in your pocket and easing the cost-of-living squeeze.
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Analyzed Economic Effects
5 provisions identified: 5 benefits, 0 costs, 0 mixed.
Order to Lower Housing Costs
You may see actions to lower housing costs and expand housing supply because the memorandum directs agencies to pursue those steps. The document cites an analysis saying regulatory requirements alone account for 25 percent of the cost of constructing a new home.
Cut Healthcare Administrative Costs
You may see steps to eliminate unnecessary administrative expenses and rent-seeking practices that increase healthcare costs because the memorandum directs agencies to do so. Agencies are ordered to pursue actions to reduce those cost drivers.
Push to Create More Jobs and Draw Back Workers
You may see new steps to create employment opportunities and draw discouraged workers back into the labor force because the memorandum orders agencies to pursue those actions. The directive asks for regular status reports starting 30 days after the memorandum.
Roll Back Climate Rules Raising Food and Fuel Costs
You may pay less for food and fuel because the memorandum directs agencies to eliminate harmful, coercive climate policies that increase those costs. The memorandum instructs agencies to pursue such rollbacks consistent with law.
Reduce Appliance-Related Rules Raising Prices
You may pay less for home appliances because the memorandum directs agencies to eliminate counterproductive requirements that raise appliance costs. Agencies are ordered to pursue such eliminations consistent with law.
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