WASHINGTON, DC – In December of 2009, then-Whip Eric Cantor (VA-07) unveiled the "No Cost Jobs Plan" which was centered on striking down needless and burdensome bureaucratic rules and regulations that plague businesses and stifle job growth and creation. Today, President Barack Obama detailed his latest Executive Order in the Wall Street Journal which calls for a government-wide review of federal regulations. Congressman Cantor offered the following statement:
“More than a year ago when our country was still struggling from the recent financial crisis, I unveiled the ‘No Cost Jobs Plan’ aimed at spurring the economy and creating jobs by putting in place common sense policy proposals. One of the chief planks of my plan was to address the out-of-control and costly bureaucratic rules and regulations that bog down businesses small and large, so that they’re free to grow and create jobs.
“Today’s Executive Order from President Obama shows that he heard the same message I did in the last election – that Americans are sick and tired of Washington’s excessive overreach and overspending. While I applaud his efforts on this new Executive Order today, we must go further. That’s why I am relaunching the ‘No Cost Jobs Plan’ today – a plan we presented to the President and his party last year. Interestingly, though he and his Administration didn’t embrace it last year, we have noticed pieces of the plan being incorporated by the President including trade agreements and rolling back barriers to job creation found in the regulatory system.
“I urge agencies government-wide to heed our call and work quickly. We must tear down self-imposed obstacles to economic growth and wealth creation. Our oversight efforts will not only review and cut current regulations, but work to end pending detrimental rules and regulations from going into effect, and ensure that the culture of bureaucracy and big-government rulemaking in Washington is no longer the norm so that people can start getting back to work.”