December 28, 2017

MARC THIESSEN: Trump’s Little-Noticed War On Hidden Taxes. “He worked with Congress to repeal 14 major regulations implemented under Obama, and withdrew or delayed more than 1,500 others by executive action. Most importantly, he issued Executive Order 13771, which directed government agencies to eliminate two existing regulations for each new one issued, and to ensure that the net costs of any new regulations are zero. Last Thursday, Trump announced the first results of this effort: His administration achieved $8.1 billion in lifetime regulatory savings — and is on track to achieve an additional $9.8 billion in savings in fiscal 2018. Since excessive regulations are a hidden tax on American workers and businesses, that amounts to an $18 billion tax cut.” It’s a good start.

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