“Regulation is Stealth Taxation” Says Trump

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“America is roaring back.” Trump thundered in his best speech yet at the World Economic Forum in Davos.

“The stock market is smashing one record after another,” he said “and has added more than $7 trillion dollars in new wealth since my election.

Consumer confidence, business confidence and manufacturing confidence are the highest they have been in many decades…

Small business optimism is at an all time high, new unemployment claims are at the lowest we have seen in almost half a century, African-American unemployment has reached the lowest rate ever recorded in the United States, and so has unemployment among Hispanic-Americans.”

Trump said before latter on adding: “The single best anti-poverty program is a very simple, and very beautiful, paycheck.”

In an upbeat delivery Trump told the world: “I am pleased to report that the coalition to defeat ISIS has retaken almost 100% of the territory.”

“The world is witnessing the resurgence of a strong and prosperous America,” he said. “I’m here to deliver a simple message… America is open for business and we are competitive once again.”

“We have just enacted the most significant tax cut and reform in American history,” Trump said. “We have massively cut taxes for the middle class and small businesses… we have lowered our corporate tax rate from 35% all the way down to 21%. As a result, millions of workers have received tax cut bonuses from their employers in amounts as large as $3,000… We have undertaken the most extensive regulatory reduction ever conceived.

Regulation is stealth taxation. The US, like many other countries, unelected bureaucrats, and we have, believe me, we have them all over the place, and they’ve imposed crushing anti-business and anti-workers regulations on our citizens, with no vote, no legislative debate, and no real accountability.

In America, those days are over. I’ve pledged to eliminate two unnecessary regulations for every one new regulation. We have succeeded beyond our highest expectations. Instead of 2 for 1, we have cut 22 burdensome regulations for every one new rule.

We are freeing our businesses and workers so they can thrive and flourish as never before. We are creating an environment that attracts capital, invites investment and rewards production.

I believe in America… America is roaring back.”

The closing was perhaps the best part of it. Addressing the doers, the makers, the leaders and the innovators, he said:

“Let us resolve to use our power, our resources and our voices, not just for ourselves, but for our people. To lift their burdens, to raise their hopes and to power their dreams.”

 

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Teresa

Right on.