Paul Ray, Donald Trump’s deregulation czar, has run the numbers on the economic windfall from the Trump crusade to roll back costly regulations. His calculation is roughly $190 billion in savings to businesses and consumers.
That’s the good news. But Ray now estimates that just the first year costs of Biden’s re-regulation initiatives will cost the economy $200 billion. Biden has already erased ALL of the Trump efficiency gains from deregulation.
So sad. And yet another of a multitude of reasons the wheels are coming off the economy.