McIntosh: “Simplifying Regulations And Removing Barriers To Innovation Helped Build Our Juggernaut Economy That Preceded COVID-19 and Will Help Bring Us Back”
WASHINGTON, D.C. – Club for Growth President David McIntosh today announced the launch of the Cut Red Tape Coalition, featuring organizations and leaders advocating for the Federal Government to simplify regulations and remove barriers to innovation to reignite America’s economy and recover from the Coronavirus.
The Cut Red Tape Coalition includes: Club for Growth, Competitive Enterprise Institute, Heritage Action, American Legislative Exchange Council, FreedomWorks, Job Creators Network, American For Prosperity, and Tea Party Patriots.
“Simplifying regulations and removing barriers to innovation helped build our juggernaut economy that preceded COVID-19 and will help bring us back,” said Club for Growth President David McIntosh. “While liberals are pushing their big government agenda that will only create more dependency on government, this coalition is focused on getting government out of the way of job creators to reignite the economy.”
McIntosh noted that before the COVID-19 pandemic, President Trump’s administration cut 8 1/2 regulations for each new rule; reducing the size, scope, and cost of federal regulations for the first time in decades and contributing to growing the best economy in over fifty years. The Trump Administration’s deregulatory efforts ultimately saved American households over $3,000 each year.
The Cut Red Tape Coalition calls on Congress and the Trump Administration to take bold steps to allow for simplification of regulations and reductions to barriers on innovation to allow our economy to flourish and recover from Coronavirus.
Click here to recommend regulations to be considered for removal or suspension.
In 2019, the total cost of Federal Regulations was estimated by the Competitive Enterprise Institute to be $1.9 trillion. For small businesses, who create most of the new jobs in the US, the economic cost per employee averages out to be $15,003. By reducing unnecessary paperwork, permitting requirements, and other regulations that add costs or slow economic growth and job creation, Congress and Administrative agencies can greatly accelerate the recovery, allowing businesses to create more jobs, and restore full employment rates.
This month Club for Growth released a proposal detailing steps for Congress and the Administration to take in order to remove costly regulatory burdens on the American economy.
Americans across party lines strongly support deregulation to reignite the economy following the Coronavirus. A nationwide Club for Growth poll of 1,000 likely voters conducted by WPA Intelligence found 66% support and 34% oppose Congress giving President Trump the authority to waive costly regulatory requirements on American businesses in order to speed the economic recovery from the coronavirus epidemic. This has the support of 91% of Republicans, 62% of Independents, and 45% of Democrats.
And 74% support and 26% oppose the federal government simplifying the permitting process for infrastructure projects, removing some environmental review requirements that can take years to complete, and allowing new infrastructure projects to pay competitive, market-set wages so that they can employ the maximum number of people. This has the support of majorities of every party; 90% Republicans, 69% of Independents, and 64% of Democrats.