[denom]

I never understood this line of reasoning, as if regulations were some extrinsic property.

"I'll take one quart of regulations, a three feet of rules"

It doesn't work that way. The practice of regulation is non-linear in terms of its formulation and result. Long, complicated regulations could be relatively meaningless, while short rules could be really important.

Saying we are going to cut 75% of regulations is useless. Point to specific rules and regulations.

[carry_bit]

Since ignorance of the law is no excuse, you still need to read and understand those "long, complicated regulations that are relatively meaningless" to determine if they apply to you, and if so how to comply with them. Removing those regulations would make doing business easier with minimal downside, especially for smaller companies that can't easily afford large armies of lawyers to understand the law.