Three Steps Forward, Two Back

A balance sheet on Reagan's efforts to deregulate America

Ronald Reagan's main assault in his war against Big Government is over, and his Administration has proclaimed itself the victor. After working for 30 months, the President's Task Force on Regulatory Relief has closed up shop with the declaration by its chairman, Vice President George Bush, that it has snipped enough bureaucratic red tape to save U.S. businesses and consumers $150 billion over the next ten years. Said Bush: "These savings will continue to make an important contribution to the economic recovery now under way,...

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