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Here's my wish list for The incoming Trump administration To make America healthy, prosperous, and great again in 2025.
1. Reduce job-killing 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 many cases, the costs of regulation far outweigh the societal 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 proven throughout history, lower tax rates lead to more growth, more investment, and more jobs. Trump's tax cuts mean that the typical family of four earning $75,000 a year saw their tax bill cut in half — a benefit estimated to be worth more than $2,000. The corporate tax rate fell from 35% – the highest in the world – to 21%, bringing jobs and capital to America. Trump has promised to make all of these tax cuts permanent. Why? Because they worked exactly as we expected.
Trump's message on the economy “resonated” with Americans, says former Obama economic adviser
3. Replace luxury with work
Growth will require that more healthy Americans access welfare and have access to jobs. Welfare — which includes cash assistance, public housing, food stamps, disability payments, unemployment benefits, and Medicaid — should be a hand-off, not a handout.
President-elect Donald Trump wants to address America's economic issues, and one area he should focus on is revitalizing America's cities. FILE: Trump arrives to speak at a campaign rally in Bozeman, Montana, on Friday, August 9. (AP/Rick Baumer)
4. Exploiting the abundant natural resources in America
America has over $50 trillion in natural resources that can be accessed through current drilling and mining techniques. This is a huge store of wealth that far exceeds that of any other country. 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 health care prices
One of the many ways to lower health care costs for consumers (and taxpayers, who pay half the costs) is to require hospitals, pharmacies, doctors and health clinics to list the prices of what they charge. The Commission to Unleash Prosperity estimates that $1 trillion to $2 trillion in health care costs could be reduced, without any reduction in quality of care, by allowing consumers to shop online for the best prices — just as we do when we buy groceries, a home or car. This would promote free market competition and lower prices.
6. Allow school choice for all families
Test scores in America have declined. Children graduate from high school – if they graduate at all – without even being able to read a diploma. America no longer ranks in the top 10 in many academic achievement rankings.
A child can get a better education for half the cost in the Catholic school system and in many charters.
Trump has supported universal school choice for all children regardless of income, race or ethnicity. This is the civil rights issue of our time.
7. Implement a pro-American immigration policy
Trump is committed secure our borders, But we also need legal immigrants through a merit-based immigration system. This visa system will select immigrants based on their skills, talents, investment capital, English language ability, and level of education. All of these characteristics portend success in America.
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8. Revitalization of America's major cities
Our once great cities in America – from New York to Chicago to Detroit to San Francisco to Seattle – have begun to look like war zones. Crime has spread. Businesses, people and capital are fleeing, leaving the poorest Americans — most of whom are minorities — stranded with tragically limited opportunities other than working at Walmart or McDonald's for minimum wage. Since 2020, our major cities have lost nearly a million residents. And tens of thousands of companies.
Trump wants to revitalize our derelict cities and rural areas through deregulation, lower tax rates, changes in zoning policies and investments in infrastructure.
9. Withdrawing the United States from the Paris Climate Change Treaty and other anti-American agreements
We must end American participation in global treaties that harm America the most. This includes the Paris Climate Accords — a treaty that most other countries have failed to adhere to, but which places huge burdens on American companies and workers. Trump has also pledged to end global taxes — such as the global minimum tax approved by Treasury Secretary Janet Yellen. Do we even need the 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, D.C. Washington is getting richer at the expense of the rest of us. Less than 10% of overpaid federal employees (more than 2 million of them) work full-time in the office even though the COVID-19 crisis ended three years ago. These are swamp employees who are often paid $150,000 or more per year. Fire them if they don't show up and move federal agencies to other cities.
There is no doubt that these are bold ambitions for economic transformation towards freedom and free enterprise. But the only person who can achieve this is Trump.
