Under the Trump administration, American business leaders are more optimistic, and it is beginning to translate into the “sort of investment in new plants, equipment and factory upgrades that bolsters economic growth, spurs job creation — and may finally raise wages significantly,” writes The New York Times. Business executives feel confident that new regulations are not coming, and many applaud Trump’s economic policy agenda. However, many chief executives have been publicly critical of Trump’s approach to social and cultural issues, including his decision to withdraw from the Paris climate accord or his response to a white nationalist march over the summer in Charlottesville, Va. Though there is little historical evidence tying regulation levels to growth, the administration and business community believe that years of increased environmental, financial and other regulatory oversight dampened investment and job creation.
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