Mr. President, I rise today to introduce S. 1944, the RED Tape Act of 2015. The letters R-E-D stand for Regulations Endanger Democracy. They do, and they are. This bill will help cut burdensome regulations-- regulations that I think everybody agrees have been strangling our economy, regulations that many of my colleagues and I and economists around the country and around the world believe are at the heart of why we can't grow the great American economy. Let me spend a few minutes on the economy, what the regulations are doing, and why I believe this bill is so important and why we are working hard to get bipartisan support for it. There is a debate going on in this country and on the Senate floor: Are we in decline? Is America in decline? Are our best days behind us? Is China going to own the 21st century the way we did the last century? Now, I am an optimist. I don't think we are in decline. We don't need to be in decline. Here is the reason why. We don't hear about it much, but when we look and compare the United States to other countries, we have so many comparative advantages. We still have so many comparative advantages. Imagine the United States is in a global poker game with all the other major nations of the world around the table. We don't hear this much, but relative to other countries, we look at our hand and we hold aces. As a matter of fact, we hold most of the aces. Let me give a few examples. The high-tech sector.…
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