By Elaine Donnelly
Extending sexual misconduct to combat units
Independent voices from the TWT Communities
In a preview of a battle likely to be waged throughout the fall, President Obama told GOP House Speaker John A. Boehner in a letter Tuesday that the administration is considering seven regulations that would each cost the U.S. economy more than $1 billion per year.
The White House said Tuesday that it's going to revise some 500 regulations it said have unnecessarily tied the private sector's hands, but the announcement drew little enthusiasm from a business community that said it will do little to overcome a slew of new health care and financial regulations already passed under President Obama.
Businesses big and small aren't buying President Obama's claim that he's reducing the burden of costly federal regulations, a major barrier to job growth.
"The administration's findings and determinations, on their own, are a worthy effort at making technical changes to the regulatory process, but the results of this look back will not have a material impact on the real regulatory burdens facing businesses today," Bill Kovacs, vice president of environment, technology and regulatory affairs for the U.S. Chamber of Commerce, wrote on the chamber's website. "The bottom line is that real regulatory reform would include permit streamlining; requiring transparency in the permitting process so we know exactly which permits are being held up and why ... and finally by mandating that federal agencies apply all the laws Congress passed relating to regulatory reform, including data quality, regulatory flexibility and unfunded mandates."