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Here is my wish list for him incoming Trump administration to make America healthy, prosperous and great again in 2025.
1. Reduce job-destroying regulations
The regulatory state is a $2 trillion tax on the American economy. We all want worker safety, a clean environment and consumer protection, but in too many cases the costs of regulations far outweigh the social benefits. President-elect Donald Trump has promised to cut 10 rules for every new rule. Just do it, Mr. President.
2. Make Trump’s tax cuts permanent
As JFK, Ronald Reagan and others have shown throughout history, lower tax rates lead to more growth, more investment and more jobs. Trump’s tax cuts meant that a typical family of four earning $75,000 a year saw their tax bill cut in half, a benefit valued at more than $2,000. And the corporate tax rate fell from 35% (the highest in the world) to 21%, bringing jobs and capital to the United States. Trump has promised to make all of these tax cuts permanent. Because? Because they worked almost exactly as we anticipated they would.
TRUMP’S MESSAGE ON THE ECONOMY ‘RESOUNDED’ WITH AMERICANS, SAYS FORMER OBAMA ECONOMIC ADVISOR
3. Replace well-being with work
Growth will require more healthy Americans to get off welfare and into jobs. Welfare (including cash assistance, public housing, food stamps, disability payments, unemployment benefits, and Medicaid) should be a help, not a handout.
President-elect Donald Trump wants to address America’s economic problems and one of the areas he should focus on is reviving American cities. FILE: Trump arrives to speak at a campaign rally in Bozeman, Montana, on Friday, August 9. (AP/Rick Bowmer)
4. Utilize America’s abundant natural resources.
The United States has more than $50 trillion in natural resources that can be accessed with existing drilling and mining technologies. It is a vast storehouse of wealth that far exceeds that of any other nation. We can use royalty payments and leases to reduce our national debt while creating hundreds of thousands of jobs.
5. Reduce medical costs by requiring transparency in healthcare pricing
One of the many ways to reduce health care costs for consumers (and taxpayers, who pay half the costs) is to require hospitals, pharmacies, doctors and health clinics to list prices for what they charge. The Committee to Unleash Prosperity estimates that $1 to $2 trillion could be reduced in health care costs, without reducing the quality of care, if consumers were allowed to shop around for the best price on the Internet, as we do when we buy food. , a house or a car. This will encourage free market competition and lower prices.
6. Allow school choice for all families
Test scores in the United States have been plummeting. Kids graduate from high school (if they graduate at all) without even being able to read the diploma. The United States is no longer in the top 10 in many academic achievement rankings.
A child can get a better education at half the cost in the Catholic school system and many charter schools.
Trump has supported universal school choice for all children, regardless of income, ethnicity or race. This is the civil rights question of our time.
7. Implement a pro-US immigration policy
Trump is committed to securing our border, but we also need legal immigrants through a merit-based immigration system. This visa system would select immigrants based on their skills, talents, investment capital, English language ability, and educational level. All of these characteristics portend success in the United States.
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8. Relive the great cities of the United States
Our once great American cities – from New York to Chicago, Detroit, San Francisco and Seattle – have come to resemble war zones. Crime has increased rampantly. Businesses, people, and capital are fleeing, leaving the poorest Americans (mostly minorities) stranded with tragically limited opportunities beyond working at Walmart or McDonald’s for minimum wage. Since 2020, our major cities have lost almost 1 million residents. And tens of thousands of companies.
Trump wants to revitalize our neglected cities and rural areas through deregulation, lowering tax rates, changes to zoning policies, and investments in infrastructure.
9. Remove the United States from the Paris climate change treaty and other anti-American agreements.
We must end American participation in the globalist treaties that harm the United States the most. This includes the Paris climate accords, a treaty that most other nations have not followed, but which imposes enormous burdens on American businesses and workers. Trump has also pledged to end global taxes, such as Treasury Secretary Janet Yellen’s global minimum tax. Do we even need a United Nations?
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10. Finally, drain the swamp.
There’s a reason three of the five richest counties in America are in or around Washington, DC. Washington is enriching itself at the expense of the rest of us. Less than 10% of overpaid federal workers (of which there are more than 2 million) work full time in the office even though COVID-19 ended three years ago. These are swamp employees who often make $150,000 or more a year. Fire them if they don’t show up. And relocate federal agencies to other cities.
It is true that these are bold aspirations for an economic transformation towards freedom and free enterprise. But the only person who can do it is Trump.
