- By Office of Congressman Tom Reed
- News
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Washington - Congressman Tom Reed (R-NY) highlighted efforts Wednesday to spur economic growth through deregulation.
"I care about those struggling with over burdensome and unfair regulations placed upon them by out of touch Washington bureaucrats," said Rep. Reed. "From the lack of new infrastructure due to ridiculous permitting review times, to not being able to get a loan for your small business, these unreasonable regulations affect all of us in one way or another. We recognize the importance of reasonable regulations such as worker protections, clean air, and water. Those should remain. However, it is important to eliminate the ever-growing web of unreasonable regulations, rules, restrictions that have hurt our jobs, pocketbooks and people."
Reed says his successful efforts are boosting the economy with an aggressive deregulation that is:
- Cutting 22 regulations for every new rule introduced in 2017. These moves saved our economy $8.1 billion.
- Streamlining the permitting process for infrastructure permit reviews – freeing up taxpayer resources to go towards boots and hardhats on the ground instead of lawyer pens and paperwork
- Freeing our local community banks and credit unions to loan money and give small businesses entrepreneurs access to the vital cash they need to start or expand their business to create jobs.
This deregulation agenda is a reversal of the status quo. The Obama administration added a regulation that cost the economy $100 million or more, once every 3 days – more than 600 in total from 2008 to 2016.
"Red tape and paperwork caused by these unreasonable regulations, certainly costs us time and money," said Allegany County Department of Public Works Superintendent Guy R. James. "Obviously there is a need for regulations on things, but sometimes the Local Governments are so much more efficient at getting things done and the Feds can over regulate things! The Federal Government should step back and look at how much more 'bang for the buck' the Locals actually get on most projects."
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