In a forthcoming National Security Strategy document from the Trump administration, officials will lay out the case that deregulation of businesses domestically largely boosts the country's ability to defend against foreign threats.
"Today, that economic system is under stress. It continues to serve our interests, but it must be reformed to help workers prosper, protect innovation, and reflect the principles upon which that system was founded. American prosperity is also threatened by an economic competition playing out in a broader strategic context. The United States helped to expand the liberal economic trading system to countries that did not share our values in the hopes that these states would liberalize their economic and political practices, and provide commensurate benefits to the United States. Experience now suggests that these countries distorted and undermined key economic institutions without prompting significant reform of their economies or politics," excerpts of the document obtained by Townhall state. "America’s business climate and legal and regulatory systems encourage risk taking. Americans have the confidence to try, learn from failures, and try again. Our institutions and our culture combine to create a thriving ecosystem for innovation."
"An America that is safe, prosperous, and free at home is an America with the strength, confidence, and will to lead abroad," the document continues.
During an event at the White House Thursday, Trump detailed the administration's year of regulation slashing and revealed that for every new federal regulation put in place, 22 were taken off the books.
"Instead of eliminating two old regulations for every one new regulation, we have eliminated 22. Twenty-two. That's a big difference," Trump said. "Those regulations that are in place do the job better than all the other regulations and allow us to build, create jobs and do what we have to do."
The full NSS report will be released Monday in conjunction with a speech from President Trump on the issue.
“Competitiveness with respect to regulations on businesses is something that Trump has been talking about for 30 years," a source close to the White House says. "It’s perfectly natural for this to be a major focus of this administration’s National Security Strategy.”
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