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President Donald Trump is continuing to dismantle former President Joe Biden’s model for giving Washington bureaucrats power to regulate Main Street to Wall Street.
In a little-noticed executive order issued last week, Trump, in just 10 words, brushed aside a Biden order that was written to sound deregulatory but actually gave the Washington swamp extraordinary powers to consolidate its regulatory powers.
Trump’s executive order simply said: “Executive Order 14036 of July 9, 2021 (Promoting Competition in the American Economy), is hereby revoked.”
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