SIOUX FALLS, S.D. - (KELO.com)
The U.S. economy is booming right now. After years of snails-pace growth, it surged ahead 4.1 percent last quarter, which economists called a “blockbuster” and “rip-roaring” number. What’s more, worker pay reached the highest level since 2008, with wages, salaries, and benefits all increasing by significant margins.
This economic resurgence didn’t just happen, however. Over the last two years, we have dramatically reduced both taxes and regulations, giving families and businesses the freedom to grow they’ve been waiting for.
More specifically, since President Trump took office, we have dismantled 2,000+ regulations – one of the most significant government rollbacks in recent memory.
Additionally, the administration has dramatically slowed the creation of new regulations. According to the National Association of Manufacturers, “Compared to the Obama administration, during its first 18 months in office the Trump administration has approved 53.1 percent fewer new ‘major’ rules (i.e., those having an economic impact of $100 million or more…) and 64.4 percent fewer new ‘minor’ ones.”
The bottom line is this: We know what works. When we reduce the size, scope, and cost of government, ‘We the People’ have room to grow. I’m proud of what’s been accomplished so far, but we’re not done yet.