Actually, the majority of market distortion comes from over regulation not under regulation.  The housing crisis being the chief example. 

 

This is a big win for the Trump administration.  This is keeping a promise central to his promise of economic renewal.  There is a reason that you see a drum beat of companies coming back to the country instead of leaving it for the first time in a long time. 

 

As for the regulatory infrastructure.  We were pumping out close to 70 new regulations a day under the last administration.  The list had become so voluminous that it was impossible for any business to keep up.  You can severely gut the regulatory structure on the books and still keep people safe and healthy. 

 

The key provision is that for the next year, and forseeable future the annual increase in the cost of compliance is set at 0.  At current, the cost of compliance is over a trillion dollars annually.  That's more than 7% of our GDP.  Cutting regulation and providing cost certainty to companies is going to be a magnet for foreign investment in our domestic markets and the kind of job creation that this country deserves #winning!

---