Weissmann says too many regulations, too few jobs

Wednesday, March 14, 2012

(Boulder, CO) – Eric Weissmann, candidate for Congress in Colorado’s 2nd Congressional District, Wednesday released a white paper on federal regulatory policy that will provide the framework for his first bill in Congress. The paper details a plan to unleash private sector job growth by ending the suffocating federal regulatory policies of recent years.

Since 2009 when Obama came into office, according to the Heritage Foundation 75 new major federal regulations have been implemented costing more than $380 billion over 10 years. In addition, under the Obama administration there have been 219 more "economically significant regulations" enacted, each costing businesses – and thus American workers and consumers - $100 million or more per year.

"Voters should be furious, but part of the reason this issue flies under the radar is that Congress intentionally delegates the making of many damaging, expensive rules to government agencies so that Congressmen and Senators can't be blamed. Since these rules come from faceless, nameless bureaucrats instead of elected representatives, most Americans are unaware of them – which is precisely what both Congress and the regulators want," said Weissmann.

"Over-regulation is killing jobs and holding back our economy’s recovery. It is time to unleash private sector job growth by reining in onerous, duplicative and unnecessary regulations. Doing just that will be the subject of the first legislation I will introduce in Congress.

"Clearly, there is a need for some regulation. But we must find a way to weed out the many bad regulations whose costs outweigh the benefits. Requiring a true cost-benefit analysis of each proposed regulation and requiring each new regulatory cost to be offset by a reduction in regulatory costs elsewhere are just two of the ideas that will make up the Easing American Regulation Now (EARN) Act, which I plan to introduce as my first bill in Congress.

"Simply stated, it's time for some government regulations to die, so that our economy can live. With my EARN Act's common-sense solutions to the over-regulation problem, we can put balance back in our economy and Americans back to work."

To read Eric’s full proposal and details on the EARN Act please click here or visit our website: www.ericweissmann.com.

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