Jeb Bush Says Reducing Regulation Can Lift Wages
Saying the U.S. economy is “buried under the weight of rulebooks,” Republican presidential candidate Jeb Bush on Tuesday proposed cutting federal regulations that he said would increase growth 3 percent in 10 years and help increase wages by 6 percent.
Bush’s plan would freeze any remaining regulations proposed by the Obama administration, require regulatory costs to be offset during his first year in office, and push for legislation that would require Congress to approve major rules. He didn’t identify any regulations to eliminate, instead proposing a panel that would generate a list of rules to erase.
The former Florida governor, who has dropped in the polls in recent months, has been unrolling a series of policy proposals that he says will separate himself from the more populist candidacy of billionaire Donald Trump, the current front-runner for the Republican presidential nomination.
“Regulation accumulates, like sediments in a harbor, building up over time, and ensuring that Americans must consult a rulebook or hire a lobbyist to accomplish basic tasks,” said a Bush campaign summary of the proposed changes. The candidate will discuss the changes during a campaign event on Tuesday at a Gladbrook, Iowa farm run by former state Senator John Putney.
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