Contributing RP Evan Bayh is leading an effort to promote regulatory reform in Washington. Check out coverage of his mission in the Charleston Daily Mail:
Former Indiana Sen. Evan Bayh and former White House Chief of Staff Andrew Card told a friendly audience at the Business Summit that some layers of federal regulation need peeled back and the Obama administration needs to also review all of the regulations currently in the works.
Bayh, Card, U.S. Rep. Shelley Moore Capito and U.S. Sen. Joe Manchin all spoke about the need to reduce government regulations on Friday during the Business Summit at The Greenbrier Resort.
Bayh and Card have teamed up as U.S. Chamber of Commerce spokesmen on the topic.
“In the short term, we need a moratorium on new burdens on business,” Bayh said. “We’re close to tipping back into a downturn. We don’t need more burdens on business.”
Bayh said a proposed law that would require a Congressional vote on any rules or regulations that would cost more than $100 million a year makes sense.
“Look at some of the rules and regulations that are coming down the pike,” he said. “The ozone issue could be a trillion dollars of additional cost. My home state, Indiana, is a 95 percent coal state. Our electric rates are modest, which is one reason we have the largest number of manufacturing jobs of any state. The last thing we need is an increase in the price of production when we’re competing with China, India, and others who don’t have these rules. There are 300 more rules and regulations proposed this year at a potential cost of $65 billion.”