With all eyes focused on the politics and inside-the-beltway drama surrounding the next presidential election—and it can hardly be said that this election season has so far lacked drama—the candidates’ fundamental policy differences that could impact business are being overlooked. While the focus is on the electoral horse race, what people should be focused on is the next presidential administration’s policies, and especially those policies respecting the administrative state.

This applies even more so to those who advise corporations and allied institutions on the political and legal landscape impacting their industry. “After all, the chief business of the American people is business.” Calvin Coolidge, The Press Under a Free Government, Address to the American Society of Newspaper Editors, (January 17, 1925).