On the recordFebruary 11, 2011
Every single day Americans are asking, Where are the jobs? The answer is simple. Current regulations are destroying jobs. Last year alone, government regulations cost businesses more than $1.7 trillion. As an example, this chart illustrates the significant burden that the Clean Air Act imposes on pulp and paper businesses in my district. These are all the regulations that could impact the industry in the next 10 years, with a price tag of 17 billion job-killing dollars, $17 billion. Another example, the FDA has threatened General Mills with regulating Cheerios. Cheerios. Why? Because they don't like the health claim benefits on the box. If we want to create more jobs in America, let's get the government out of the way, and we can start with the 157,000 pages of regulations.
