At an America Speaking Out jobs forum on Friday, House Republican leader John Boehner (Ohio) again floated the idea of a moratorium on new federal regulations as a means to get American business back on its feet and create stability for growth.
It was one of the chief solutions discussed with leaders from America’s employer community: freeze all the new jobs-killing federal regulations.
“I think having a moratorium on new federal regulations is a great idea. It sends a wonderful signal to the private sector that they’re going to have some breathing room,” Boehner said. “I think there’s probably a way to do this with an exemption for emergency regulations that may be needed for some particular agency. But if the American people knew there was going to be a moratorium in effect for a year that the federal government wasn’t going to issue thousands more regulations, it would give them some breathing room.”
The idea is similar to the one featured in the No-Cost Jobs Plan presented to the president by Boehner and House Republican Whip Eric Cantor (R-Va.) months ago. They again sent Obama the plan late last week with recommendations to invigorate private businesses growth to create jobs.
Real jobs, not federally subsidized jobs.
The proposal notes: “Since taking office, the Administration has had under consideration more than 100 regulations that are deemed economically significant, meaning they have an impact on the economy in excess of $100 million. Many of these rules will directly impact small businesses. The President should issue an immediate Executive Order halting any proposed regulations expected to impose any net costs on the economy in either the near or long-term or that negatively impact small businesses or result in a net loss of jobs. Such rules should be rewritten to fully mitigate any negative economic impact.”
To read the No-Cost Jobs Plan, click on the link.