When Congress returns to work next week, everyone will be anticipating the work of the deficit-reduction "super committee". In the meantime, House Republican leaders say they also have set a legislative agenda for fall and winter that concentrates heavily on regulatory and tax relief. House Majority Leader Eric Cantor, R-Va., says it is essential that the House continue its focus on the jobs crisis. In a memo, Cantor describes a schedule that includes tackling what he identifies as 10 job-destroying regulations.
Representative Martha Roby, R-Ala. says the regulation business is thriving. The American Action Forum estimates that since the beginning of this year, the Obama administration has imposed more than 47.2 million annual paperwork burden hours and $65 billion in compliance costs on businesses across the country. While the national unemployment rate stagnates at over 9%, employment at regulatory agencies has grown 13%.
Roby says this reality isn’t surprising to farmers and ranchers whose livelihoods are threatened by the aggressive regulatory agenda of this administration. The Environmental Protection Agency has led a non-stop regulatory assault on rural America attempting to regulate everything from crop protection tools to methane from cows. Currently, the EPA has more than 300 regulations under consideration impacting everything from farm dust to carbon dioxide emissions from farms, schools, and hospitals.
According to the American Council for Capital Formation, by 2014, heightened EPA regulations will cost the nation between 476,000 to 1.4 million jobs and $47 billion to $141 billion in Gross Domestic Product. Roby calls for the halt of the job-destroying overreach of the EPA.
Cantor writes that the various regulations or rules to be targeted are reflective of the types of costly bureaucratic handcuffs that Washington has imposed upon businesspeople who want to create jobs. Cantor says regulatory proposals or rules to be targeted in following weeks and months touch on EPA standards for farm dust and greenhouse-gas performance standards.
House leaders also expect President Obama to advance three free-trade agreements sometime this fall, and Cantor promised that when he finally sends them he will not hesitate to schedule them.