Trump Has Made Econ. Growth a Clear Priority

President Trump may not be a full-spectrum deregulator in the Ronald Reagan tradition. He hasn't had much to say about the Food and Drug Administration or Federal Communications Commission—two favorite targets of regulatory reformers—and he sometimes sounds like an antitrust activist. But he has made it clear that economic growth and job and business formation will be his first domestic priorities, and that reforming taxation and regulation will be his primary paths to these objectives. In regulatory policy, his administration will be ambitious and results-oriented. It will focus on dramatic reductions in energy, environmental, and labor market controls; on easing permitting restrictions on transportation, pipeline, and other infrastructure projects; and on reforms to financial regulation to encourage business lending.