Trump deregulation boosting our economy – Here’s one example`

Two big things have been propelling the U.S. economy forward in impressive fashion: the 2017 Trump tax cuts and the president’s relentless drive to reduce unnecessary regulations, which are another form of taxation.

One example of the president delivering his deregulation promise came in late May when the U.S. Department of Transportation and Federal Railroad Administration abandoned a costly regulatory proposal issued by President Barack Obama.

The measure would have forced private freight railroad carriers to continue operating with two people in a locomotive cab. This proposed Obama, anti-business mandate was always wrongheaded, and its revocation carries important lessons for how best to regulate.

It is also a positive development for the sake of a U.S. economy, whose strength is increasingly connected to the efficient movement of goods. E-commerce will only continue to grow as businesses fiercely compete, and America needs a multimodal transportation system to support this.

Despite years of analysis, the federal government did not have data to show that two-person railroad crews – the standard operating model currently for big freight carriers like BNSF or CSX – are any safer than one-person crews used by many smaller freight carriers, like Indiana Railroad, or almost all passenger railroad systems throughout the U.S.