Today, Leader Cantor will speak at the University of Michigan about ways economic growth and promoting opportunity can earn success in America.
This week, the House will vote on two jobs measures out of the Financial Services Committee. Each represents a potential area of common ground with President Obama, who spoke about similar ideas in his speech to the Joint Session of Congress last month. These jobs measures are designed to help small business people and job creators better access capital, grow, and create jobs without facing costly regulations.
Today In History: In 1864, the U.S. Congress admits Nevada as the 36th state in the Union.
Birthdays: Dan Rather, Eddie Kaye Thomas, Peter Jackson, Piper Perabo, Rob Schneider and Vanilla Ice
Here is what’s in today’s Ledger ...
State Of Play: House Republicans Continue To Call On Senate Dems To Act On The Forgotten 15
Rep. Bobby Schilling, House GOP Keep Up The Pressure On Senate Dems To Act On The Forgotten 15. The Republican strategy for job creation strengthens the economy through a specific type of American: the business owner, Illinois Rep. Bobby Schilling said Saturday in the party's weekly address. "Our plan looks at the problem from the view of the small businesspeople, and works to clear out barriers to job creation by addressing excessive regulations, fixing our tax code and closing loopholes, and paying down our debt," Schilling said. Schilling shed light on a set of jobs bills Republicans dubbed "the forgotten 15," since he says they "are stuck in the Democratic-led Senate" even though they received bipartisan approval in the House. "These bills are common-sense bills that address those excessive federal regulations that are hurting small business job creation," he said. CNN
• Cement Plants Cannot Meet the EPA's Job-Destroying Standards, Many Have Gone Idle. Buzzi Unicem's Festus, Mo., plant will be affected if the new regulations are imposed because its primary fuel is petroleum. "It will affect us companywide," Schell said. "With the recent downturn in the economy, we've already closed one plant and idled others. Buzzi Unicem has about eight plants in the U.S. that are currently operating. Schell criticized the methods used by the EPA to set the new standards. "The way the EPA has gone about coming up with these limits. They've looked at the best performing, cleanest cement plants in the country on a pollutant by pollutant basis and set the limit based on that," he said. "They've passed limits that not a single cement plant in the U.S. can comply with all of the emissions standards simultaneously." One cement kiln might be able to meet sulfur dioxide limits but not the nitrogen oxide limits, while another might be able to meet the particulate matter limits but not the mercury limits, Schell said. ... The EPA itself estimates the Cement Maximum Achievable Control Technology Rule alone will cost $2.2 billion to implement. Emerson accused the EPA of "runaway regulation" at the expense of jobs and prosperity in rural communities. ... The bill is awaiting Senate action. The Southeast Missourian
Small Businesses Bear The Majority Of Regulatory Burdens. In fact, businesses with 20 or fewer employees spend 36 percent more per employee per year complying with all federal regulations than their larger counterparts – and 364 percent more complying with just environmental regulations – according to a 2010 study for the U.S. Small Business Administration. The Bangor Daily News
• The EPA Continues To Put Thousands Of Jobs At Risk. The small-business owners that I talk with ask what can be done about the “flood” of federal regulations coming out of Washington, D.C. These entrepreneurs are worried about their ability to keep Maine people employed and they tell me about the need for relief from onerous new regulations. Their financial resources are limited, and they would prefer to invest in good jobs and strengthen their business rather than dump money into costly government red tape. Take for example the Environmental Protection Agency’s recent rule on boiler emissions. The EPA set emissions levels at such a high standard that virtually no new boilers are able to meet it, and retrofitting an existing boiler is impossible at any reasonable cost. If, as a business owner, you are reliant on a boiler for the basic operation of your facility, how can you possibly stay in business? The Bangor Daily News
The Current Regulatory Environment Is Adding Billions In Compliance Costs For Businesses Small and Large, Paralyzing Investment, and Costing Jobs. America works best when American business and government complement one another: Business plays the vital role in economic expansion and job creation, while government oversees the environment in which business can innovate and compete. This approach fueled prosperity for generations and produced the world's largest and most powerful economy. We seem far adrift of that ideal today. ... The regulatory climate is a perfect example. A tsunami of new rules and regulations from an alphabet soup of federal agencies is paralyzing investment and increasing by tens of billions of dollars the compliance costs for small and large businesses. No one wants to discard truly meaningful public-safety or environmental regulations. But what we face is a jobs crisis, and regulators charged with protecting the interests of the people are making worse the problem that's hurting them most. Regulatory relief in the energy sector alone could create up to two million new jobs, and we won't have to borrow a penny to pay for it. The Wall Street Journal
State Of Play (2): Do Democrats Agree With Nancy Pelosi?
On Friday, Nancy Pelosi Came Out In Support Of The NLRB Dictating Where American Businesses Can Build Factories In America CNBC
Maria Bartiromo: “How important are concessions about the regulatory environment? This is the final question here on this murky environment that we're seeing. CEOs tell me all the time that they don't know the details of Dodd Frank. It's the law of the land and we're still writing the rules. We've got the EPA making decisions and legislations. Supposed to come from Congress and it seems like we’re going around things and the EPA is coming out with its own rules. You’ve got the labor relations board, the situation with Boeing. I mean, for starters, do you think it's right that Boeing has to close down that plant in South Carolina because it's non-union?”
Minority Leader Pelosi: “Yes. I don't think they close it down. I would hope they would make it union.”
Bartiromo: “But this is a corporate decision. Should government be getting involved in corporate decisions like that?”
Pelosi: “You asked me what I thought and I told you what I thought.”
A Vote Of Support? Over The Weekend President Obama Made His Opinion Of Nancy Pelosi Very Clear – Nancy Pelosi “was one of the best speakers of the House this country ever had” Hot Air
Will Senate Dems Say: Thanks But No Thanks To President Obama? One thing is certain in the uncertain outlook for Senate races next year – much attention will be paid to which Democratic Senate contenders do or do not share the stage with President Obama when he sweeps through their states in the heat of the election season. The New York Times