Jeb Bush Says Regulation Changes Can Lift Wages
Jeb Bush, former governor of Florida and 2016 Republican presidential candidate, talks to the media after speaking at the Republican Party of Polk County annual Summer Sizzle in Ankeny, Iowa, on Aug. 13, 2015.
Photographer: Andrew Harrer/BloombergSaying the U.S. economy is “buried under the weight of rulebooks,” Republican presidential candidate Jeb Bush on Tuesday proposed cutting federal regulations that he said would increase growth 3 percent in 10 years and help increase wages by 6 percent.
Bush's plan would freeze any remaining regulations proposed by the Obama administration, require regulatory costs to be offset during his first year in office, and push for legislation that would require Congress to approve major rules. He would push to repeal five regulations, including the Dodd-Frank Act approved after the 2008 financial crisis, according to his website.