[MAGA] President Trump proposes massive tax/regulatory cuts

Boom times:

 

Hey it's big promises but why does everyone immediately think you can't have both boom and safe? Just because experts like yourselves can't do it or see it done doesn't mean we shouldn't try. Maybe it can't be done but who am it to make that call or stop someone from trying. Hell, Sweden has done exactly this (including cutting taxes) on a smaller scale and I will never doubt that American spirit and leadership couldn't try to scale it up. Americans who don't want to try, give up, and fail are so un-American.

 

lax regulation = boom times?

perhaps a poor choice of words

 

I'm game for a smart review of regs, sure. You have to trim bureaucracy from time to time.

But I worry that the current Congressional GOP, and Trump, may do things pretty willy-nilly in the euphoria of power.

First off, 75% doesn't sound like a plan for smart pruning to me -- suggesting that 75% of our regulations are useless sounds completely wrongheaded. The progress we've made on air and water quality in this country over 50 years is *astounding*, a huge success story after Silent Spring was in vogue. And keeping *some* financial regulations from the 2008 post-mortem would be wise as well, IMHO.

 

Ummm, thanks Obama?

 

BOOM TIMES HERE AGAIN

 

Which boom times are we referring to? The 23 million net jobs created under Clinton? The 11 million net jobs created under Obama? The 1.3 million net jobs created under Bush? I need some clarification here.

 

Exactly! Hey, I'm not an expert so I can't say if 75% does or doesn't make sense but I'm excited someone is going to give it a go. Obama did a great thing by expanding protected lands and that should continue as part of the plan. For every acre of development, an acre protected, for every carbon footprint increaser, an equal or greater carbon reducer planted/implemented. That is really simplistic but you get the idea. It truly believe it can work, just need the right folks to try.

 

Boom.

 

a step in the right direction

https://en.m.wikipedia.org/wiki/List_of_countries_by_received_FDI

 

Do you remember the Bush era? They gave it a try but somehow it ended up being an all out cash grab for his buddies rather than enriching the public.

Just like typical M&A bullshit where they rang out 10% savings or claimed "efficiencies", then proceeded to give special interests 80% of it.

That's why that era was considered a kleptocracy. You don't need Iraq to prove it.

 

It has been tried at various times throughout history as well, and has never been an overall positive to the general population. Luckily Trump can't really remove a lot of the regulations. They are in place from states or local governments. They also are the result of lawsuits and are mandated by the courts, so Trump will have a hard time finding 75% that he is even capable of removing.

It isn't surprising that he doesn't know what his job entails, though.

 

We believe in market economy instead of regulations. That's why savings from decommissioning the EPA will be partially refunded to the people in the form of vouchers for bottled water and PM2.5 face masks.

And remember, BUY AMERICAN!!

 

If you believe in free market economy why do you want to have so many import taxes? Most Republicans are full of ****. They are interested in what will benefit them.

 

Sarcasm meter broke?

 

I hope you're wrong but we won't know until this president gets his shot.

 

So much this. Even with the federal legislature on his side, there's only so much regulation a President has any control over. And, if he's aggressive about cutting what he can, he's going to have his agencies in court battles 24/7. For every company that benefits from deregulation, you'll have another who loses competitive advantage, and they'll sue to stop it. Then you'll have a ton of regulatory uncertainty as industries await court verdicts.

Not that it shouldn't be done. If Obama embarked on regulatory cuts, I'd cheer about it. That's because I'd trust Obama to be keep the priorities straight so that people's safety, environment, or well-being weren't threatened. I don't trust that Trump has any of those issues as guiding principles. We know already that he considers protection of the environment to be a waste of money.

 

I'll react to his stupid spectacles to the world but I can agree in principle.