The Trump Deregulatory Juggernaut Is Rolling

Tax reform and infrastructure spending haven’t happened, but a rollback of regulations pleases business

By Gerald F. Seib Oct. 30, 2017

Why, you might ask, are the financial markets and the business community so happy with the Trump administration?  After all, a Trump presidency carries the risk of a trade war, which alarms investors and big-business leaders; in fact, the business community is actively working against the administration’s threat to deep-six the North American Free Trade Agreement.  The GOP tax-cut plan the financial sector has been counting on is only being unveiled this week, and the administration has done nothing so far to launch the promised rebuilding of American infrastructure that business leaders crave.

To some extent, then, the explanation for the love affair lies elsewhere, in something many in Washington either find boring or overlook entirely: deregulation.  While the Republican machine that emerged from the 2016 election may be sputtering on other fronts, it is proving to be a juggernaut on deregulation.........To Read More....