House Majority Leader Eric Cantor says EPA’s anti-growth, anti-jobs policies contributed to S&P’s downgrade of US creditworthiness in a Washington Post op-ed.
In fact, the Obama administration’s anti-business, hyper-regulatory, pro-tax agenda has fueled economic uncertainty and sent the message from the administration that “we want to make it harder to create jobs.” There is no other conclusion for policies such as the new Environmental Protection Agency regulations, including the “Transport Rule,” which could eliminate thousands of jobs, or the ozone regulation that would cost upward of $1 trillion and millions of jobs in the construction industry over the next decade. The administration’s new maximum achievable control technology standards for cement are expected to affect nearly 100 cement plants, setting over-the-top requirements resulting in increased costs and possibly thousands of jobs being offshored… Such behavior… has resulted in a lag in growth that has added to the debt crisis, contributing to our nation’s credit downgrade…
That is why this fall the Republican Party will pursue a legislative agenda that boosts economic growth through reducing the regulatory and tax burden. We will make sure that Washington policies are less restrictive to businesses small and large. Our goals include… overturning the EPA’s proposed regulations that inhibit jobs in areas as varied as cement and farm dust.