Dave McCormick, the Republican contender in Pennsylvania’s Senate election, wants to cut regulations and pare back the administrative state.
contender in Pennsylvania’s Senate election, said he wants to use his experience as a prominent business executive to cut federal regulations and pare back the administrative state.who has made a major name for himself in the world of business and finance. After a few years of service in the Bush administration, he joined well-known hedge fund Bridgewater Associates. McCormick served as Bridgewater’s CEO from 2017 until 2022.
“I really think this regulatory state issue is a big problem,” he explained. “And I think that we need to be very thoughtful, and I’d be doing this as a senator, on pushing our regulatory bodies and our executive branch to make sure that there’s a constant remarketing or mark to market on our regulations and what their implications are for business.”
Slashing the administrative state has become an increasingly salient issue among Republicans on Capitol Hill because of the rulemaking by the Biden administration. McCormick placed blame for the past few years of high inflation on excess spending under Biden. Since Biden entered office, on average, prices are about 19% higher.
On the trade front, McCormick said while he generally opposes tariffs, he thinks they may be necessary at times in order to make trade between countries fairer, a reciprocity he said has been lost with China, for instance.10% across-the-board tariffs, something that free trade proponents argue would further fuel inflation. Restrictive trade policies are often supported by labor unions, who believe they will keep jobs stateside. McCormick’s opponent, Casey, has leaned heavily on union support.
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