News | September 22, 2015 09:46 AM EDT

Jeb Bush Says Regulation Changes Can Lift Wages - Bloomberg

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.

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 didn't identify any regulations to eliminate, instead proposing a panel that would generate a list of rules to erase.

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