If elected U.S. President, Jeb Bush would push to eliminate so-called ‘net neutrality’ regulations

“Saying the U.S. economy is ‘buried under the weight of rulebooks,’ Republican presidential candidate Jeb Bush on Tuesday proposed cutting federal regulations that he said would increase growth 3 percent in 10 years and help increase wages by 6 percent,” Michael C. Bender reports for Bloomberg. “Bush’s plan would freeze any remaining regulations proposed by the Obama administration, require regulatory costs to be offset during his first year in office, and push for legislation that would require Congress to approve major rules. He would push to repeal five regulations, including the Dodd-Frank Act approved after the 2008 financial crisis, according to his website.”

“‘Regulation accumulates, like sediments in a harbor, building up over time, and ensuring that Americans must consult a rulebook or hire a lobbyist to accomplish basic tasks,’ said a Bush campaign summary of the proposed changes,” Bender reports. “Bush has made 4 percent economic growth, a rate the country hasn’t reached for two decades, the central thrust of his campaign. Earlier this month, Bush unveiled an overhaul of the U.S. tax code, estimated to cost $3.4 trillion over a decade, which he sees as the engine of his plan to double gross domestic product. Bush’s campaign said regulations are an “invisible tax” and pointed to a report from Washington-based Competitive Enterprise Institute that showed federal rules cost the economy $1.9 trillion per year.”

“In addition to repealing Dodd-Frank, Bush said he’d also push to eliminate regulations on broadband Internet providers known as net neutrality, and three environmental rules, including one that defines which bodies of water can be regulated under the Clean Water Act,” Bender reports. “Bush would also cut President Obama’s clean power plan, and abolish the recent attempt by the Environmental Protection Agency to regulate coal ash—the nation’s second-largest industrial waste.”

“Bush’s regulation plan, combined with his proposed tax changes, will help increase wages so that by 2020 a family of four earning $50,000 will have an after-tax income that is about $3,100 higher, according to a summary provided by the campaign,” Bender reports. “Bush’s campaign also promised the changes would increase GDP by 3 percent in 10 years.”

Read more in the full article here.

MacDailyNews Take: As we wrote back in August 2006:

We don’t presume to know the best way to get there, but we support the concept of “Net Neutrality” especially as it pertains to preventing the idea of ISP’s blocking or otherwise impeding sites that don’t pay the ISP to ensure equal access. That said, we usually prefer the government to be hands-off wherever possible, Laissez-faire, except in cases where the free market obviously cannot adequately self-regulate (antitrust, for example). Regulations are static and the marketplace is fluid, so such regulation can often have unintended, unforeseen results down the road. We sincerely hope that there are enough forces in place and/or that the balances adjust in such a manner as to keep the ‘Net as neutral as it is today.

And as we followed up in September 2009:

That we have the same Take over three years later should be telling. Government regulations are not a panacea, neither are the lack thereof. It’s all about striking a proper balance where innovation can thrive while abuses are prevented.

Make that “the same Take over nine years later.”

SEE ALSO:
Jeb Bush on FCC and so-called ‘net neutrality’ regulation: ‘One of the craziest ideas I’ve ever heard’ – March 8, 2015
Who loves the FCC’s overreach on so-called ‘net neutrality?’ Telecom lawyers – March 5, 2015
Legal battles loom over FCC’s so-called ‘net neutrality’ rules – February 26, 2015
U.S. FCC OKs so-called ‘net neutrality’ rules on party-line vote – February 26, 2015
U.S. FCC’s rules for so-called ‘net neutrality’ expected to unleash slew of court challenges – February 26, 2015
EFF: ‘We are deeply concerned; FCC’s new rules include provision that sounds like a recipe for overreach’ – February 25, 2015
The U.S. FCC’s Orwellian Internet policy – February 25, 2015
Democratic FCC commissioner balks at so-called ‘net neutrality’ rules – February 24, 2015
FCC chief pressed to release proposed regulations governing so-called ‘net neutrality’ – February 23, 2015
FCC Commissioner Ajit Pai: Obama’s plan a monumental shift toward government control of the Internet – February 10, 2015
Congress launches investigation as Republicans claim Obama had ‘improper influence’ over so-called ‘net neutrality’ – February 7, 2015
FCC chairman proposes to regulate ISP’s under Title II – February 4, 2015
U.S. congressional Republicans’ bill aims to head off Obama’s so-called ‘net neutrality’ plan – January 17, 2015
U.S. Congressional proposal offers Internet rules of the road – January 15, 2015
U.S. FCC says it will vote on so-called ‘net neutrality’ in February – January 3, 2015
FCC hopes its rules for so-called ‘net neutrality’ survive inevitable litigation – November 22, 2014
Obama-appointed FCC chairman distances himself from Obama on so-called ‘net neutrality’ – November 12, 2014
What does so-called ‘net neutrality’ mean for Apple? – November 12, 2014
AT&T to pause fiber investment until net neutrality rules are decided – November 12, 2014
There’s no one to root for in the debate over so-called ‘net neutrality’ – November 11, 2014
U.S. FCC plays Russian Roulette with so-called ‘net neutrality’ – November 11, 2014
U.S. House Speaker John Boehner: Republicans will continue efforts to stop misguided scheme to regulate the Internet – November 10, 2014
Tech Freedom: Obama cynically exploits confusion over Title II, misses opportunity to lead on legislative deal – November 10, 2014
Obama want FCC to regulate the Internet; Cruz calls it ‘Obamacare for the Internet’ – November 10, 2014

[Thanks to MacDailyNews readers too numerous to mention individually for the heads up.]

31 Comments

  1. You get richer from people willingly parting with their hard earned money, not at the expense of people.

    If eliminating net neutrality is a way for well placed buddies to charge more at the expense of the common man, then no. Comcast makes BILLIONS of dollars already.

  2. My only question is:

    Can’t the Republican party do better than this?

    My point is, Carly Fiorina is so far the most mentally balanced of all the candidates. And Carly Fiorina is a terrible choice!

    I’m worried about the future of America.

  3. Let’s be worried about the GOP, before being worried about America. The GOP tends to paint a worst case scenario. We are not as bad off as they make it seem. I suggest, let’s get the crackpots out and put some level headed people in.

    On the other side, who in the world is going to take America seriously? We have no one who deserves any real respect on the international scene. That’s a real shame.

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