Sam Zell: Trump's regulation-cutting proposals will boost economy

Crain's Chicago Business reports:

President Donald Trump's pledge to roll back regulations is "creating a lot of hope" among businesses and will provide stimulus for the U.S. economy by spurring investment, billionaire investor Sam Zell said on Sunday.

The regulatory burden under former President Barack Obama drained business confidence and sharply increased compliance costs, Zell, founder of Equity Group Investments Inc., said on Fox News Channel's "Sunday Morning Futures." As a result, many companies opted not to make commitments and take risks, Zell said.

"It's not accidental that corporate America has more cash on its balance sheets today than any time in history," Zell said. "That's not productive allocation of capital."


Confidence among businesses and consumers has surged since the presidential election, based on optimism that Trump's administration will cut taxes, reduce regulations and increase investment in U.S. infrastructure to spur economic growth and create more jobs.

Opportunity.