1. Are you more inclined to invest in plant and equipment, rather than hire new employees?
Gross Domestic Product (GDP)
As Americans grow increasingly frustrated with the failed economic policies coming from Washington, they can turn to the states for some good news. A number of states have adopted successful policies to create jobs, control taxes and spending, and spur growth. What do these economically successful states have in common? They commit to free enterprise principles.
As part of the U.S. Chamber’s Project on Regulatory Reform, former Indiana Governor and Senator Evan Bayh and former White House Chief of Staff Andy Card held a press conference last week to preview the launch of their bipartisan, nationwide tour to educate Americans on the need to restore balance, restraint, and common sense to the regulatory process.
After the event, Card and Bayh gave an exclusive interview to Free Enterprise magazine.
One major factor hobbling our recovery is the inability to build anything anywhere in a timely manner. It doesn’t matter how large or small the project is. The reason: Complying with myriad regulations—and dealing with the inevitable lawsuits—isn’t worth it. Streamlining the permitting process, a small issue in the grand scheme of things, could have an outsized positive impact on the economy. How do we do it?
The nearly 2,000-mile-long border separating the United States and Mexico is one of the most frequently crossed and perhaps most economically significant international borders in the world. Every day, more than $1 billion worth of goods—much of it produced by U.S. small businesses and farmers—cross the U.S.-Mexico border. Increased trade resulting from NAFTA has added 1.7 million jobs to the U.S. economy.
The results are in on the Obama administration’s four-month review designed to identify existing regulations “that are out-of-date, unnecessary, excessively burdensome, or in conflict with other rules.”
