Trump is owing to make good on two of his campaign promises, and with Republicans in the majority in both houses of Congress, he’s likely to get his way.
First, and of great interest to all those billionaires on his inaugural platform. Comes a package of tax cuts in which corporations get a major slice.
Of equal interest to the corporateers is a vow to ruthlessly pare regulations, those pesky rules and laws, already shaped in whole or part by corporate lobbyists, that force constraint on the untrammeled pursuit of profit.
We begin with this from a decidedly Right political news site, the Daily Caller:
President Donald Trump doubled-down on his campaign promises to massively deregulate the economy during a meeting at the White House Monday morning.
Trump said he would “cut regulations by 75 percent,” in a move that would drastically change the regulatory landscape of the American economy.
Trump has repeatedly pledged to end “all unnecessary regulations” imposed on the energy industry, to “dismantle” the 2,300-page Dodd-Frank Wall Street Reform And Consumer Protection Act, and to put a moratorium on any new regulations when he takes office.
His promise Monday was the first step in coming through on his campaign agenda. The president also pledges to order federal agencies to “identify job-killing regulations that should be repealed.”
The president’s economic plan laid out on the White House website promises to create 25 million new American jobs in the next decade and a return to 4 percent annual economic growth, according to statement released Friday on the official White House website.
The president also promises to cut the U.S. corporate tax rate from 35 percent to 15 percent.
And from the White House website, Trump’s policies are laid out in a section that reeks with hubris emphases added]:
The President’s plan will lower rates for Americans in every tax bracket, simplify the tax code, and reduce the U.S. corporate tax rate, which is one of the highest in the world. Fixing a tax code that is outdated, overly complex, and too onerous will unleash America’s economy, creating millions of new jobs and boosting economic growth.
As a lifelong job-creator and businessman, the President also knows how important it is to get Washington out of the way of America’s small businesses, entrepreneurs, and workers. In 2015 alone, federal regulations cost the American economy more than $2 trillion. That is why the President has proposed a moratorium on new federal regulations and is ordering the heads of federal agencies and departments to identify job-killing regulations that should be repealed.
With decades of deal-making experience, the President also understands how critical it is to negotiate the best possible trade deals for the United States. By renegotiating existing trade deals, and taking a tough stance on future ones, we will ensure that trade agreements bring good-paying jobs to our shores and support American manufacturing, the backbone of our economy. The President plans to show America’s trading partners that we mean business by ensuring consequences for countries that engage in illegal or unfair trade practices that hurt American workers.
Trump issues orders, keeps them secret
Another monious devekopment.
From the McClatchy Washington Bureau [emphasis added]:
President Donald Trump has taken at least six executive actions since he was sworn in as president, but half of them remain secret.
The text of two of them – weakening the health care law and freezing regulations – were emailed to reporters. The third was revealed in a letter from the Department of Housing and Urban Development to lenders and real estate brokers about the roll back of a policy that would have reduced the cost of mortgages for millions of home buyers. But the language of the remaining three hasn’t been released; their existence is known from a single tweet by White House press secretary Sean Spicer.
The administration has a spot on its revamped whitehouse.gov website for “presidential actions“ including executive orders, memorandum and proclamations. But all the spaces are blank.
Alex Howard, deputy director of the Sunlight Foundation, which pushes for transparency in government, said the decision not to post the information online as former President Barack Obama cut out “millions of Americans.” Trump’s team, he said, needs to realize that he is not campaigning anymore, but governing.
The website was revamped Friday to include bios of the new president and vice president and their wives and scrubbed of references to gay and lesbian issues and global warming [see previous].