SOTU FACT: Excessive Government Regulations Are Holding Back Economic Growth & Job Creation
CLAIM: President Obama says his administration is “getting rid of regulations that don’t work.”
- “There is no question that some regulations are outdated, unnecessary, or too costly…That’s why we’re getting rid of regulations that don’t work.” (President Obama, State of the Union Address, January 24, 2012)
FACT: The onslaught of burdensome regulations being handed down by Democrats in Washington under President Obama has made our economy worse, adding to the uncertainty holding back private-sector job growth.
- Nearly 30 House-passed jobs bills from Republicans’ Plan for America’s Job Creators, most of which would remove unnecessary regulations that are interfering with job creation, are stalled in the Democratic-controlled Senate, and President Obama has refused to call for them to be brought to a vote.
- According to a recent Gallup survey, “small-business owners in the United States are most likely to say complying with government regulations (22%) is the most important problem facing them today.”
- The Obama Administration currently has 3,118 regulations in the pipeline, 167 of which will have a major impact on the economy -- on top of the 1,010 regulations already completed, including 45 with major impacts. (Office of Information and Regulatory Affairs, Accessed 1/24/12)
- President Obama threatened to veto the bipartisan, House-passed REINS Act which would require congress to review any new regulation that has a major impact on the economy. (Statement of Administration Policy, 12/6/11)
- The results of the Obama Administration’s “top-to-bottom” review of federal regulations were panned by business groups, like the U.S. Chamber of Commerce, who said they “will not have a material impact on the real regulatory burdens facing businesses today.” (See more here)
QUOTE: “American job creators understand that we must ease the regulatory burden on small businesses…Nearly 30 House-passed job bills are awaiting action in the Senate, most of which address the recommendations made today. With American small businesses still suffering from the misguided policies implemented by the President, there is no excuse for these pro-growth bills to collect dust any longer. I urge the President to call on Senate leaders to take up these House-passed jobs bills so we can provide the solutions American job creators say are needed to put people back to work.” (Speaker John Boehner, Press Release, 1/17/12)