Thursday, December 8, 2016

Donald Trump's Cabinet Picks Signal Coming Deregulation Moves

Well, the Scott Pruitt pick for the E.P.A. sends a particularly strong signal on deregulation.

And now with the nomination CKE CEO Andy Puzder, expect some serious calls to roll back onerous governmental bureaucracy.

Leftists are going to be wiggin'.

At WSJ, "Donald Trump’s Cabinet Selections Signal Deregulation Moves Are Coming":
Business leaders are predicting a dramatic unraveling of regulations on everything from overtime pay to power-plant emission rules as Donald Trump seeks to fill his cabinet with determined adversaries of the agencies they will lead.

The president-elect’s pick Thursday to head the Labor Department, fast-food executive Andrew Puzder, is an outspoken critic of the worker-pay policies advanced by the Obama administration. Mr. Trump’s choice for the next administrator of the Environmental Protection Agency, Oklahoma Attorney General Scott Pruitt, is a primary architect of legal challenges on President Barack Obama’s environmental regulations.

Other cabinet nominees critical of regulations advanced under Mr. Obama include Rep. Tom Price to lead the Department of Health and Human Services, financier Wilbur Ross Jr. at the Commerce Department and retired neurosurgeon Ben Carson at the Department of Housing and Urban Development. All will require Senate confirmation.

Those picks suggest the Trump administration, backed by a Republican Congress, is determined to advance labor, environmental and financial regulatory policies more favorable to many American corporations, though not all will back his proposals.

Appearing in Des Moines, Iowa, on Thursday as part of his postelection “thank you” tour, Mr. Trump said he will push to do away with regulations that are crimping job growth. “On regulations, we’re going to eliminate every single regulation that hurts our farms, our workers and our small businesses,” he said.

Business leaders say all Americans stand to benefit from a lighter regulatory touch that would boost profits, growth and hiring, particularly for small and midsize businesses.

“If government can stimulate business to hire more, rather than vilify us, that’s going to be a better milieu,” said Andrew Berlin, CEO of Chicago-based Berlin Packaging LLC, which makes glass and plastic bottles for consumer products.

“The continual onslaught of regulation over the last eight years—that probably has been pretty much our No. 1, overall concern as manufacturers,” said Jason Andringa, CEO of the Vermeer Corp., a Pella, Iowa-based maker of construction and farm machinery. “That there may be some relief from that is very appealing to us.”

Mr. Andringa said mounting Obama-era regulations have drained the time of several employees dedicated to complying with them. That has eaten into profits, despite overall rising sales in recent years. But the company has’t resorted to layoffs in more than a decade, he added.

Mr. Andringa said he does have reservations about Mr. Trump’s trade policies because Vermeer exports around one-fifth of the equipment it makes in Iowa. “We certainly hope not to see tariffs that are implemented here that then cause corresponding tariffs overseas,” he said.

While a push to freeze and rollback new regulations could cheer some CEOs, Mr. Trump’s relationship with the business community has had plenty of rough spots. Throughout the campaign he threatened to impose taxes on companies that moved jobs overseas. He lambasted big banks and multinational corporations in a campaign video that ascribed dark motives to the forces of globalism.

Mr. Trump also has taken to Twitter since the election to confront individual businesses and labor leaders by name over specific disputes, a tactic some economists warn could amplify corporate uncertainty around his policies...