1. Simplify business regulations. There are WAY too many laws "on the books" that are unneeded and/or obsolete and should be phased out. For example, we should have a single 50-state standard for air and water pollution control and definitely a single standard for cleaner-burning gasoline mixes.
2. Drastically overhaul our taxation system. The current income tax code based on Title 26, the Internal Revenue Code plus additional rulings is around 75,000 pages long of code so complex that it makes James Joyce's famously unreadable Finnegans Wake almost readable in comparison. No wonder why the non-partisan Tax Foundation estimates the current tax code costs US$1 TRILLION per year in compliance and economic opportunity costs. A switch to the flat tax Steve Forbes proposed 14 years ago should happen as soon as possible, then in 3-4 years time we repeal the 16th Amendment and replace the income tax with a true consumption tax like FairTax (H.R. 25/S. 122).
Yes.
Almost anything would be better than the patched up mess we have now.
We have just about become the Soviet Union with lawa and regulations. In fact, some say we have eclipsed them and I believe that to be correct. After all, they did not have the DOE, HHS, OSHA, IRS, DOL and EPA.