Chamber of Commerce
Cry Wolf Quotes
It is unreasonable to assume that existing bureaucratic lassitude will be corrected by establishing another layer of bureaucracy.
The House of Representatives has “chosen to put the unreasonable damage awards and attorney’s fees above the needs of employers and employees.”
An excess profits tax is not in keeping with our competitive enterprise system. It suggests that government can decide how much profits should be, which profits are excessive, and which are not excessive. If this is possible with the energy producing segment of the economy, then is it not possible with other segments of the economy? Where do we stop? What will be the shortages next year and the next, and which businesses will be subjected to government regulation and control of their profits?
Government regulatory activities frequently result in much overlapping and duplication of effort, contradictory requirements, and an increasing drag on productive economic activities.
Backgrounders & Briefs
As the nation approaches the first anniversary of the Dodd-Frank financial reform law, opponents are claiming that the new measure is extraordinarily damaging, especially to Main Street. But industry’s alarmist rhetoric bears striking resemblance to the last time it faced sweeping new safeguards: during the New Deal reforms. The parallels between the language used both then and now are detailed in a report released today by Public Citizen and the Cry Wolf Project.