STEPHEN MOORE’S 10 Bold Innovations for Revitalizing America’s Economy by 2025

By Stephen Moore |

As the Trump administration prepares for 2025, a vision for revitalizing America is emerging, centered on ten key initiatives aimed at enhancing economic prosperity and social welfare.

The first proposal addresses the burden of regulations. The regulatory state imposes a staggering $2 trillion tax on the economy, often undermining the benefits they intend to provide. There’s a clear call for President Trump to implement a 10-to-1 rule: for every new regulation introduced, ten should be eliminated.

Next, the focus shifts to the permanence of the Trump tax cuts. Historical evidence from leaders like JFK and Ronald Reagan suggests that lower tax rates foster growth, investment, and job creation. The reduction in the corporate tax rate to 21% has already brought substantial benefits, including a notable decrease in tax obligations for families. Making these cuts permanent is essential for continued economic progress.

Additionally, transforming welfare into a work-oriented system is critical. There’s an emphasis on transitioning able-bodied Americans from welfare dependency to stable employment, ensuring that assistance serves as a stepping stone rather than a long-term handout.

Utilizing America’s vast natural resources forms another cornerstone of this agenda. The country boasts over $50 trillion worth of accessible resources, and leveraging these for economic gain could significantly reduce national debt while creating jobs.

Healthcare costs are another pressing issue. Advocates propose demanding price transparency across the healthcare sector, estimating potential savings of up to $2 trillion without compromising care quality. This initiative aims to promote consumer choice and foster competition in healthcare pricing.

Education also needs reform. With declining test scores, there’s a growing call for universal school choice, providing all families, regardless of their background, the opportunity to select the best educational options available. This initiative is framed as a crucial civil rights issue for contemporary America.

The agenda continues with an emphasis on a pro-America immigration policy. By implementing a merit-based system, the administration can attract individuals whose skills and talents align with American economic needs.

Revitalizing urban centers remains a significant challenge. Major cities have experienced declines in safety and quality of life, prompting proposals for deregulation, tax reductions, and infrastructure investments to rejuvenate these areas and provide better opportunities for residents.

Foreign policy considerations also play a role. There’s a push to withdraw from global agreements like the Paris Climate Accords, which critics argue impose damaging restrictions on American businesses while other countries fail to comply.

Finally, addressing the culture within Washington, D.C., is deemed necessary. The recommendation includes relocating federal agencies to foster accountability and responsiveness, especially regarding the significant number of federal workers who continue to work remotely post-pandemic.

These proposals represent a bold vision for economic transformation under Trump’s leadership, aiming to enhance freedom and innovation in America.

Originally published by the Daily Caller News Foundation.

Stephen Moore is a contributor to The Daily Caller News Foundation and a visiting fellow at the Heritage Foundation. His new book, coauthored with Arthur Laffer, is “The Trump Economic Miracle.”