This week, former President Donald Trump is set to officially become the Republican nominee.
Predictions from those who bet on elections suggest that Trump has a 67 percent chance of winning and becoming president again, while President Joe Biden’s chances have fallen below 20 percent.
For those concerned about the increasing regulations suffocating America, Trump’s anti-regulation stance is welcome news.
Trump has vowed to eliminate burdensome regulations, stating, “Remove the anchor dragging us down! We’re going to cancel every needless job-killing regulation!”
As a former developer, Trump understands the challenges posed by excessive regulations that hinder progress.
Unlike previous Republican administrations that talked about deregulation but ended up adding more rules, Trump took a different approach.
Once in office, he appointed regulation skeptics and urged government agencies to remove two regulations for every new one introduced.
Although the growth of regulations slowed under Trump, it still increased overall.
However, Trump’s anti-regulation stance likely contributed to the rise in stock prices and drop in unemployment rates, signaling to businesses that they would no longer be stifled by government regulations.
Despite pushback from the media, Trump’s deregulation efforts had positive effects on the economy.
Regulation advocates often overlook the unintended consequences of regulations, such as smaller cars mandated for increased gas mileage leading to higher fatalities due to reduced protection.
Trump’s deregulation policies, including repealing Obama-era regulations like net neutrality rules, were praised for promoting innovation and economic growth.
However, concerns have been raised about Trump’s protectionist measures, such as tariffs, which can act as taxes on consumers.
While Trump aimed to reduce regulations during his presidency, the influence of the deep state and bureaucratic inertia led to an increase in regulations overall.
Looking ahead, it is hoped that a future President Trump will focus on eliminating harmful regulations, tariffs, and subsidies to further promote freedom and economic prosperity.
Every repealed regulation represents a step towards a more liberated society.
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