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- Feb 16, 2016
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After Iran, Trump Needs To Bomb The Administrative State Into Submission
After Iran, Trump Needs To Bomb The Administrative State Into Submission
So far, Trump has barely scratched the surface of the regulatory behemoth.
issuesinsights.com
Earlier this week, the Trump administration took another step toward liberating the economy by rolling back a Biden-era rule that needlessly hampered oil and gas production.
EPA Administrator Lee Zeldin said that, with this and several other deregulatory actions, the administration “is unleashing domestic energy and revising burdensome, unworkable Biden-era oil and natural gas policies.”
That’s the good news.
The bad news is that President Donald Trump has barely scratched the surface of the gargantuan administrative state, and other Trump policies are raising the cost of doing business, a report released today by the Competitive Enterprise Institute shows.
In its most recent annual “Ten Thousand Commandments” report, CEI finds that Trump has made legitimate progress. He overturned 22 last-minute Biden-era rules.
He rescinded the Obama administration’s unprecedented “endangerment finding” for CO2, which treated carbon dioxide as a dangerous pollutant and opened the door to almost unlimited federal meddling in the economy.
He rolled back the Biden administration’s attempt to mandate the sale of electric cars, ordered agencies to kill 10 rules for every new one they propose.
The report figures that these and other deregulatory moves have reduced annual regulatory compliance costs by almost $15 billion a year.
This is a dramatic change from the Biden administration and a reminder of why Trump’s victory over Kamala Harris was so important.
But don’t get too excited.
As the CEI report shows, the total cost of federal regulations is still more than $2.153 trillion each year.
Put another way, the cost of U.S. regulations is higher than the entire GDP of each of the 10 biggest countries in the world.
A cut of $15 billion a year amounts to a tiny 0.7% reduction in the federal government’s regulatory burden.
And, as Crews notes, Trump has offset at least some of those savings with tariffs and other actions that raise the cost of doing business. Plus, as it stands, the next president can quickly undo everything Trump has achieved, just as Joe Biden did after Trump’s first term.
If Trump really wants to liberate the U.S. economy, he’s going to have to do a lot more than a few flesh wounds in the regulatory Leviathan.
~Snip~
If Trump really wants to liberate the U.S. economy, he’s going to have to do a lot more than a few flesh wounds in the regulatory Leviathan.
Not only does he need to increase the pace of deregulatory actions, he must get Congress to act so that Washington can never again exert so much control over the everyday lives of Americans.
Crews lists several ways lawmakers can permanently rein in the administrative state. Such as:
- Require a sunset date on regulations.
- Impose a regulatory budget.
- Create a regulatory reduction commission.
- Require annual regulatory report cards.
Commentary:
The sentiment here by the Issues & Insights editorial Staff is spot on. It is as if foreign enemies are in charge of setting the agendas, and they deliberately imposed destructive policies intended to cripple the economy. The tax code is insane, literally. No one understands it and its ridiculous complexity feeds a huge class of parasitic organizations. Flat tax on corporate profits, 15%. Holding or controlling funds offshore is no excuse.
For all the Blather and naysaying by Democrats, Musk's "DOGE" has opened the can of warms that needs to be fixed.
Surely, more application of DOGE can expose more waste and fraud within government, something that Democrats are willing to fight and die on that hill.
