Page 87 - TrumpsEconEra_Flat

Trump’s Economic Era

investment and risk-taking. Instead, in their eagerness
to embrace the ideas of Keynesian economics,
policymakers neglected Austrian policies. Austrians
believe that politicians will not fix the economy
because they are beholden to special interests.
Donald Trump is hampered by government
agencies who are not responsive to executive oversight
and state governors refusing to adhere to federal law.
Some agencies have limits to their authority while
others have almost none. For example, when the Labor
Department wants to make rule changes it is required to
go through a cost-benefit analysis and submit its
proposals to the executive branch for review. But for
the Internal Revenue Service (IRS), this is not the case.
A 1983 memorandum between the Treasury
Department and the Office of Management and Budget
exempts the IRS from submitting any rule change to the
executive branch. Despite attempts by Congress to gain
oversight over the IRS, IRS bureaucrats still impose
their policies. This independence impedes eliminating
onerous fines and complicated forms.
California’s attorney general has supported a
California law that imposes a $10,000 fine on any
employer who cooperates with federal agents by giving
them employee information. He acknowledged that the
federal government has jurisdiction to enforce
immigration laws, but said the new state law seeks to
protect the privacy of workers. California has declared
itself a sanctuary state in opposition to federal law and
San Francisco has passed an ordinance prohibiting city
employees from using city resources to assist federal
immigration authorities.

-86-