The Trump administration’s greatest, and perhaps most underappreciated, achievement has been its ability to unwind Obama-era regulations and unleash the potential of American workers and entrepreneurs. In its first year, the Trump administration eliminated more regulations than any administration in history. The administration’s deregulatory tenacity, combined with Congress’ passage of the Tax Cuts and Jobs Act, has made former President Barack Obama’s “new normal” of anemic growth seem abnormal and unacceptable.

Today, the economy is growing at a healthy clip again. Our annual growth is approaching 3 percent, which is almost twice the growth rate under Obama. Unemployment is at its lowest level in nearly two decades. And more than 300 American companies have increased hiring, boosted wages, given bonuses or increased benefits since tax reform became law.