President Trump announced more results from his Administration’s regulatory relief efforts and proposed streamlining infrastructure approvals and expanding the economy. Since President Trump took office, for every new regulation seven have been abolished. That’s 25000 pages of regulations that didn’t pass through Congress for a savings of $50 billion already realized. The biggest beneficiaries are ordinary people seeing 15% reduction in costs. Going forward, the White House Council of Economic Advisers (CEA) estimates that just 20 of the new proposed Administration’s deregulatory actions will save U.S. consumers and businesses over $220 billion per year.

What does that mean for your family? According to CEA, President Trump’s deregulation program is projected to boost household incomes by $3,100 annually in the coming years. CEA estimates that cutting red tape will lead real incomes for Americans to rise by $53 billion per year between 2021 and 2029. The benefits will take many forms: Americans will have access to cheaper cars, and patients will save nearly 10 percent on prescription drugs. Most important, these rollbacks on everyday items will help blue-collar and middle-class Americans significantly more than the richest citizens of our country.

Overregulation falls disproportionately on the shoulders of lower-income families, who spend a larger share of their incomes on heavily regulated goods and services, such as transportation, food, and healthcare. Such government burdens also cost American jobs by causing workers to be replaced with lower-cost machines.

What does it mean for Oregonians? That depends on Oregon’s legislature and Governor. Some of the deregulation savings can’t help to trickle through. But, when the majority party passes a 6% surcharge on cell phones in a special session in the middle of a pandemic that will hit low-income and seniors the hardest, one has to question what is next.

Americans don’t need Washington to create more white-collar jobs for central planners. Oregonians don’t need more green jobs created by government when it destroys our livelihoods. We need a government that operates efficiently, effectively, and inexpensively to protect citizens. Is your American dream in government demands or in less government and your freedom to create your own destiny?


--Donna Bleiler

Post Date: 2020-07-16 16:51:01

Last Update: 2020-07-16 16:52:11