Spending Reform: The Flip Side of Federal Tax Reform
IBD cited Wayne Crews on just how much of a tremendous burden is being imposed upon the national economy by federal regulations.
We must show that we can shrink the size of Washington by eliminating federal functions and departments like Education (returning that responsibility to the states) and reducing the civil service workforce through attrition (leave “baby-boomer” retirement slots vacant).
And, of course, maintain the vigorous repeal of federal regulations that cripple businesses and entrepreneurs. The Competitive Enterprise Institutes’ Wayne Crews has confirmed that federal regulations cost Americans $1.9 trillion in 2017, nearly $15,000 per US household and approximately 10% of US GDP, a horrendous burden on our economy.
And we should begin selling federal assets, using the proceeds exclusively to pay down the national debt.