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The White House tried to -- more business friendly it's set to release final plans today to -- or cut back.
On hundreds of regulations.
Regarding businesses saying about a dozen of these changes we'll save businesses ten billion dollars over five years.
Here's a few.
Certain railroad cars won't have to install expensive technology hospitals will be able to skip around -- federal paperwork.
And low -- travelers to the US will enjoy expedited entry.
Any of this make a difference and get businesses to spend.
Former democratic senator Byron Dorgan of North Dakota and current senior policy advise -- At.
-- fox joins me now from Washington DC senator thank you so much for being here.
It sounds great but in the big picture does it really tackle the major new regulations that businesses.
Are concerned about.
Well that's an important step and frankly you know the government ought to do this every day and evaluate as government gets bigger and you have more and more regulations.
Which are silly and frivolous and burdensome and make us less competitive and which are really essential so.
You know iPod with the president has announced and of them at the same time we -- -- regulations let me say that the lack of effective regulations helped cause the financial collapse a couple of years ago so.
Let's get rid of those that make us uncompetitive and let's make sure we keep in strengthen those that we need in order to protect our economy.
-- -- you could argue that the regulations were in place to act to put to tamp down on the speculation in housing that was going on.
And that you didn't pay more regulations.
Just needed better cops on the base correct.
Not -- yeah I don't agree with that I mean we we needed to regulate some hedge funds we -- to understand what was happening and what is called what are called naked credit default swaps.
That was all dark money that it all should have been it's the summer there's sort of a some regulation in those areas and was not.
The I've watched.
Agencies become bigger and impose regulations that are silly and frivolous and impose burdens on business.
I think it's important every day to keep reviewing those and find out which can we.
Remove and in -- and which can we deal with in order to make us more competitive.
Well that one of the big regulations that you hear businesses complain about wood is did new Dodd-Frank law on financial firms.
And then you have Obama care and all the regulations and that that health -- -- is just beginning to be implemented on businesses.
You have an increasingly complicated tax -- for individuals and businesses.
And what the White House is doing touches virtually none of that.
Well some of those states are -- the complicated tax issues you're absolutely right I mean we need desperately need tax reform reducing rates make it simpler.
But frankly in my judgment and this won't sit well on this program perhaps but I think Dodd-Frank was far too timid.
We still don't know what's out there in that dark money we still have full scale gambling going on by.
Some of the largest financial ministers in the country too big to fail still exists so I thought it was too timid but.
You know that -- separate effective regulatory requirements in this country from regulations that are frivolous and burdensome and ought to be they -- gotten away with.
Does congress really understand the difference senator -- -- if you look going back.
Some thirty odd years every congress sent a very similar plan to each administration to reduce re redundant.
Or dumb regulations and we -- we're here today.
Again trying to do with -- redundant regulation.
No congress doesn't do a very effective job -- oversight at all on these things that's why you know the administration has announced something today.
They have to deal with -- -- administration -- have to deal in those large federal agencies with the kind of regulations that are coming out and evaluate.
Are these important are they effective are they necessary or are these simply adding burdens and making us less competitive.
If that question was so easy to answer well let's television was this senator is great to see thank you so much for being here today actually -- and senator Byron -- former senator from unsafe.
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