For Business to Invest: Along with Taxes, Regulatory Certainty

By December 15, 2010Energy, Regulations, Taxation

President Obama is set to make a few comments before his meeting with CEOs this morning at the Blair House. Most of the media previews have highlighted the goal of getting businesses to invest the money they have on their balance sheets, for which the two-year extension of current tax rates should provide some encouragement. Two years is not “certainty,” but it’s better than a tax increase.

We suggest another point of emphasis: Regulatory policy. Something along the lines of …

I know that many of you are burdened by the ever-expanding regulatory agenda that my Executive Branch agencies are pushing, starting with the EPA’s attempt to circumvent Congress through its greenhouse gas regulations. Well, I hope you have taken note of the EPA’s recent bout of restraint, its decision to delay action on ozone regulations and the Boiler MACT rule that will impose billions of dollars of costs on the productive sectors of the economy, those companies that we will need to grow if we are to address the continued high level of unemployment.

The EPA’s pulling back, however modest, is the first evidence of what you will soon see is an Administration-wide commitment to regulatory restraint and reason. You have made your case that our regulatory excess is damaging the economy. And I thank you.

Don’t think it will happen. Even as the President and Treasury Secretary Geithner and other Administration officials are meeting with the nation’s major employers, President Obama’s top environmental officials will be championing their ability to force business to abide by the ambigious, exceedingly flexible, “they are what we say they are,” rules for “environmental justice.”

From, “Open for Questions: Environmental Justice with CEQ Chair Nancy Sutley and EPA Administrator Lisa Jackson“:

Posted by Nancy Sutley on December 14, 2010 at 02:09 PM EST

This Wednesday, December 15, 2010, the Obama Administration is hosting the first White House Forum on Environmental Justice to build on our commitment to ensuring that overburdened and low-income communities have the opportunity to enjoy the health and economic benefits of a clean environment.  At lunch, U.S. Environmental Protection Agency Administrator Lisa P. Jackson and I will host a live Facebook chat to answer your questions about the Obama Administration’s work to create a healthy and sustainable environment for all Americans.

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