In recent years, all of the major tax and spending legislation has been done through the budget reconciliation process to sidestep filibusters, but the current budget scorekeeping has ignored savings from rolling back regs.

A new landmark Heritage analysis finds that the Trump deregulation initiatives could save Uncle Sam $1.1 trillion over the next decade. These savings should be counted as deficit reducers.

Senator Mike Lee has suggested including a version of the REINS Act, which would require new regulations to be approved by majorities of the House and Senate before taking effect, in the reconciliation bill. The Heritage study should bolster his effort.