And the direct results – have been outstanding.
To wit: This (in this instance with the glorious assistance of the Republicans – and only the Republicans – in Congress):
U.S. Companies Will Pay Billions in Tax on Offshore Cash Piles: “U.S. multinational companies are preparing to pay hundreds of billions of dollars in tax on profits they made overseas in the last 30 years.”
Trump’s Tax Cut Brings in $38 Billion from Apple: “Apple Inc said it will bring hundreds of billions of overseas dollars back to the US, pay about $38 billion in taxes on the money and spend tens of billions on domestic jobs, manufacturing and data centers in the coming years.”
And on regulations – this:
And on, and on, and….
And it ain’t just in the energy sector – it’s everywhere. We could cite sector example after sector example. Where the Trump Administration is reducing government’s authoritarian imposition – and the economy responds most favorably.
But broadly speaking:
The Trump Effect: Business, Anticipating Less Regulation, Loosens Purse Strings: “A wave of optimism has swept over American business leaders, and it is beginning to translate into the sort of investment in new plants, equipment and factory upgrades that bolsters economic growth, spurs job creation – and may finally raise wages significantly.”
So why on Earth or anywhere else would Congress look to undo any of this uber-goodness?
To wit: In December, the Trump Administration rightly, reasonably did this:
Due to the glacier-esque way government works, December’s regulations-repeal – wasn’t actually enacted until in just the last fortnight. So it is too early to know the actual implications on the economy.
But given the glorious results of Trump deregulation…everywhere else it’s been applied – it ain’t difficult to project that this too will greatly help.
In fact, we do know what happened after Barack Obama imposed the massive regulatory expansion:
Repealing Net Neutrality Returns FCC to ‘Rational’ Approach Over Internet: “Capital expenditure in broadband declined by 5.6 percent since Title II was adopted in 2015, which amounted to over $3.6 billion in lost investment.”
So lifting government’s boot off the throat of the Internet – will almost certainly restore lifeblood investment circulation. Just as it’s done everywhere else.
Exciting, this anticipation.
Congressional Democrats, of course, are not so excited – so much as enraged.
And they are attempting to use the Congressional Review Act (CRA) – a law devised and designed to repeal regulations – to reimpose Obama’s Internet power grab.
Of course, “forcing” that Senate vote – isn’t particularly difficult to do:
“Democrats reached a critical threshold of 30 co-sponsors on legislation that would reverse the FCC’s rollback….”
Democrats currently hold forty-nine Senate seats, so…. And all forty-nine are of course on board for this nonsense. But they need fifty-one votes to pass the Senate’s half of the CRA.
Oh: The Republican-majority House’s half is…the longest of long shots. And Trump has repeatedly cited the FCC’s rollback – as yet another deregulatory win. So the chances of him signing it – are between slim and none. And slim left town.
Which begs the question: Why are any members of either body wasting any time on this inanity? When they haven’t done their actual job – like, say, pass a regular-order-budget – since before the Tide Pod Generation was even born?
But this is where it gets truly inane and highly annoying.
Democrats love huge government. It’s their thing.
Republicans are – ostensibly, allegedly – the people who want less government.
So why on Earth or anywhere else – is this happening?
That gets the Democrats to fifty – still one Senate vote short.
But this is DC, so….
Democrats’ Seek #OneMoreVote for Net Neutrality: “These (Leftist) activists coordinated protests outside the district offices of eight Republican Senators, including Cory Gardner, Rob Portman, Jerry Moran, Orrin Hatch, Lisa Murkowski, and Marco Rubio, as well as Dean Heller of Nevada – whose seat is often considered a potential Democratic pickup – and John Kennedy of Louisiana.”
Here’s hoping these eight – subjected directly to the Left’s annoyances – acknowledge what an awful idea it is these Leftist annoyances are pitching.
Here’s hoping Maine Republican Senator Collins – realizes it. And reverses her current position.
Given the Trump Administration-provided visual aides and ample evidence – of deregulation and the growth and greatness that ensues – this shouldn’t be a tough call at all.
This first appeared in Red State.