One weekend came close to undoing the firm legal foundation on which U.S. business has thrived.
What’s happened so far? Immigration bans, border walls, abandoned trade agreements, an official reliance on “alternative facts,” unprompted promises to bring back torture. And what hasn’t happened so far? Tax policy is a complete mystery, with an unclear and walked-back proposal to impose a border tax. Health-care policy is even more mysterious. Trump has promised to do a “big number on Dodd-Frank” and has issued an executive order requiring agencies to retire two regulations for each new regulation they implement, but that order doesn’t seem to apply to Trump’s own remarkable flurry of rules that complicate the regulation of immigration and business relocation.
