Donald Trump presidential campaign, 2016/Government regulations

Donald Trump announced his presidential run on June 16, 2015.

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This page was current as of the 2016 election.

See what Donald Trump and the 2016 Republican Party Platform said about government regulations below.

CANDIDATE SUMMARY

Trump wants to repeal the Affordable Care Act, commonly known as Obamacare, and replace it with what he has called "Donaldcare."

Trump believes that CEO salaries and bonuses cannot be regulated.

He has described government regulation as a “stealth tax.”

Trump says that government regulations should be pared back to ensure their benefits outweigh their costs and that they don’t eliminate U.S. jobs.

Trump on government regulations

• Donald Trump said he wants to repeal the Affordable Care Act with something he dubbed "Donaldcare," Breitbart reported September 15, 2015. “We’re going to get rid of Obamacare,” Trump told Breitbart after a giving a speech to Veterans for a Strong America—which just endorsed his candidacy for the White House. “We’re going to something really spectacular with that [healthcare], with immigration, with the armed forces,” Trump said.

• On September 13, 2015, Trump called rising CEO salaries “a total and complete joke.” He said, "It's very hard if you have a free enterprise system to do anything about that. You know the boards of companies are supposed to do it but I know companies very well and the CEO puts in all his friends...and they get whatever they want you know because their friends love sitting on the board. That's the system that we have and it's a shame and it’s disgraceful.”

• When endorsing Mitt Romney in the 2012 presidential election, Trump commented in an op-ed in The Washington Times, "Right now, government regulations cost us annually $1.75 trillion. They constitute a stealth tax that is larger than the amount the Internal Revenue Service collects every year from corporations and individuals combined. In just three years, Mr. Obama has added hugely to the annual regulatory bill." Trump supported a candidate that would "pare that back and make sure every single regulation has benefits that outweigh costs and that they don’t kill U.S. jobs."

• In his 2000 book, The America We Deserve, Trump wrote, "Most of us think the American Dream is a birthright, but without constant care and vigilance, it can and will be whittled down to nothing. The threatening agent is not some foreign power, but people who don’t understand the proper relationship between the public and private arenas. In other words, the greatest threat to the American Dream is the idea that dreamers need close government scrutiny and control. Job one for us is to make sure the public sector does a limited job, and no more."

• Read what other presidential candidates have said about government regulations.

The 2016 Republican Party Platform on government regulations

“ Freeing Financial Markets The Republican vision for American banking calls for establishing transparent, efficient markets where consumers can obtain loans they need at reasonable rates based on market conditions. Unfortunately, in response to the financial institutions crisis of 2008-2009, the Democratic-controlled Congress enacted the Wall Street Reform and Consumer Protection Act, otherwise known as Dodd-Frank. They did not let the crisis go to waste but used it as an excuse to establish unprecedented government control over the nation’s financial markets. The consequences have been bad for everyone except federal regulators. Rather than address the cause of the crisis — the government’s own housing policies — the new law extended government control over the economy by creating new unaccountable bureaucracies. Predictably, central planning of our financial sector has not created jobs, it has killed them. It has not limited risks, it has created more. It has not encouraged economic growth, it has shackled it. Since the enactment of Dodd-Frank, the number of community banks has significantly declined, and the cost and complexity of complying with the law has created impediments to the remaining banks’ ability to support the customers they serve. From 13,000 community banks in 1985, only 1,900 remain. Still, the majority of agricultural loans and small business loans are made by community banks. From start-ups foregone to home loans not made, Dodd-Frank’s excessive regulation and burdensome requirements have helped contribute to the slow economy we all endure today under President Obama and the Democrats. Community banks are essential to ensuring small businesses have easy and affordable access to the capital they need to grow and prosper. Community banks should be relieved of excessive regulations. We support removing roadblocks and regulations that prevent access to capital. The worst of Dodd-Frank is the Consumer Financial Protection Bureau, deliberately designed to be a rogue agency. It answers to neither Congress nor the executive, has its own guaranteed funding outside the appropriations process, and uses its slush fund to steer settlements to politically favored groups. Its Director has dictatorial powers unique in the American Republic. Its regulatory harassment of local and regional banks, the source of most home mortgages and small business loans, advantages big banks and makes it harder for Americans to buy a home. Its one-size-fits-all approach to every issue threatens the diversity of the country’s financial system and would leave us with just a few enormous institutions, as in many European countries. If the Bureau is not abolished, it should be subjected to congressional appropriation. In that way, consumer protection in the financial markets can be advanced through measures that are both effective and constitutional. Any settlements arising from statutory violations by financial institutions must be used to make whole the harmed consumers, with any remaining proceeds given to the general Treasury. Diversion of settlement funds to politically connected parties should be a criminal offense. Republicans believe that no financial institution is too big to fail. We support legislation to ensure that the problems of any financial institution can be resolved through the Bankruptcy Code. We endorse prudent regulation of the banking system to ensure that FDIC-regulated banks are properly capitalized and taxpayers are protected against bailouts. We will end the government’s use of disparate impact theory in enforcing anti-discrimination laws with regard to lending. ” —2016 Republican Party Platform

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See also

• Donald Trump
• Donald Trump presidential campaign, 2016