Covid-19 Revives Debate over Economic Benefits of Deregulation

A new panel intended to advise the White House on strategies for nursing the decimated U.S. economy back to health is poised to renew debate over deregulation, with proponents touting potential large-scale benefits for businesses and critics calling rule rollbacks the wrong prescription.

Proposals to immediately cut rules that impose costs, or significantly trim health care, telecommunications, and financial regulations, were made by conservative groups last week as reports of the new task force surfaced. President Donald Trump is expected to unveil the task force’s membership on Tuesday.

The administration is under intense pressure to find ways to support economic ...