Trump administration believes deregulation will boost incomes by $3100

The Hill:
President Trump's approach to federal regulations will raise real incomes annually by $3,100 per household after five to 10 years, the White House Council of Economic Advisers (CEA) estimated in a report released Friday.

“Deregulation is the cornerstone of the president's pro-growth economic policies,” Tomas Philipson, a CEA member, said on a call with reporters.

The Trump administration has rolled back regulations issued by previous administrations and has also introduced new regulations at a slower rate than past administrations.

CEA focused much of its report on 20 of the administration's deregulatory actions, which it said will save consumers and businesses about $220 billion per year once they fully take effect.

The council said that the Trump administration's actions will have a bigger impact than the deregulation of the trucking and airline industries started under former President Jimmy Carter's administration.

CEA said that the administration's approach to regulations reduces prices in areas such as health care and telecommunications.
...
I think they have already had an enormous impact on job growth as companies can focus on growing their business rather than having to deal with bureaucratic nonsense.

Comments

Post a Comment

Popular posts from this blog

Should Republicans go ahead and add Supreme Court Justices to head off Democrats

Washington Post: Some Democrats eye adding more justices to the Supreme Court to change its ideological bent The once-remote idea has gained the attention of liberals angered by the GOP push to remake the federal courts. Probably the easy way to defeat this court-packing scheme is for Trump to propose doing the same thing now.  It would lead to Democrat denunciations and claims that it would be wrong, thereby blowing up any attempt by them in the unfortunate event of Democrats winning a presidential election.
Read more

29 % of companies say they are unlikely to keep insurance after Obamacare

Conn Carroll: A new survey of 368 midsize to large companies found that 29% of them are considering terminating their active employee health care plans when Obamacare is full implemented in 2014. Only 71% of employers surveyed said they did not expect to drop their health coverage, while 20% said they did not know and 9% said they were planning to exit. The latest survey, conducted by Towers Watson, echoes an ealier survey by McKinsey & Co. finding that 30% of private-sector employers were planning to drop their employee health insurance coverage by 2014. When the Congressional Budget Office crunched Obamacare's spending numbers, they estimated that only 7% of employees currently covered by employer-sponsored plans would lose their plans. ... This means the cost of the health care fiasco will be hundreds of billions more than estimated by the CBO and Congressional Democrat. It is also clear that Obama's pledge that you could keep your health care plan if you wanted t
Read more