Runaway regulations are hurting Nebraska
With our nation in the midst of the worst jobs crisis since the Great Depression, you would think policymakers would be focused on reducing barriers to job creation. Not so. High unemployment has many drivers, but one of the most obvious culprits is over-regulation.
Unnecessary regulations and their unintended consequences are self-inflicted wounds on our economy. They drive up the cost of doing business, leaving employers with fewer resources to hire and invest. Instead of making job creation easier and cheaper, Washington has been making it harder and more expensive.
The regulatory onslaught over recent years has been mindboggling. Of the administration's new regulations, 200 are expected to cost more than $100 million each. Seven of those new regulations will cost the economy more than $1 billion each. At the current pace, the total regulatory burden for 2011 alone will exceed $105 billion. That's more than $100 billion taken out of our economy simply to satisfy bureaucrats. Since January 1st, the federal government has imposed more than 81.9 million annual paperwork burden hours, costing $80 billion in compliance. It's no wonder a recent Gallup poll found small business owners cite "complying with government regulations" as "the most important problem" they face.
Nebraska has not been immune to the reams of red tape being handed down by federal regulators. One blatant example of overregulation was the EPA's attempt to regulate farm dust which would directly impact farmers and ranchers in Nebraska. More recently, the Labor Department released a proposed rule which would restrict youth involvement in certain agricultural work, including detasseling. In response, I wrote a letter to Labor Secretary Hilda Solis warning how this rule would have a negative effect on everything from family farm operations to agricultural education programs. So it's not just big business facing the effects of overregulation; it's also rural America and families who make their living in the agricultural sector.
In the weeks before Congress adjourns for the holidays, I will have an opportunity to reverse the tide of onerous government regulations. In addition to the repeal of specific over-reaching regulations, the House also will soon consider a bill I have co-sponsored -- the Regulations from the Executive in Need of Scrutiny Act, or the REINS Act (H.R. 10). The REINS Act would require Congress to take an up-or-down, standalone vote on, and for the President to approve, all new major rules before they can be enforced on the American people.
As I travel the Third District, it is abundantly clear Nebraskans recognize economic growth ultimately depends on job creators - not regulators. We need to lift the burden on small businesses, giving them freedom to invest more, produce more, and create more jobs for American workers.
Make no mistake, there is a need for responsible regulation to ensure public health and safety, and the Constitution gives the federal government the authority to regulate. But just because Washington can, doesn't mean it always should.