Trump tells business leaders he wants to cut regulations by 75% or ‘maybe more’

cuts cc

Excellent. Regs are killing the economy and they have been gamed by the biggest players in both business and government. What’s even worse are the “guidances” issued by regulatory agencies at the whim of bureaucrats. At least the regulations are written down.

Fewer regulations means (counter intuitively for some) a less crony system. Where there is opacity and red tape the cronies rule.

We’ll see how much can be cleaned up.

(From CNBC)

In the wide-ranging statement Monday, Trump also reiterated campaign promises to cut taxes for businesses, saying he aims to get the business rate “down to anywhere from 15 to 20 percent” from the current 35 percent. He also said he wants to reward companies that manufacture in the U.S. and impose border taxes on products that American companies make abroad.

As he did on the campaign trail, Trump said his plans to push American manufacturing and renegotiate trade deals do not mean that he wants to abandon free trade. His statements came ahead of an expected executive order to start the process of revising the North American Free Trade Agreement and pulling out of the Trans-Pacific Partnership.

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