Chamber of Commerce
Commentary
The Chamber of Commerce Does Not Care About Unemployment
Cry Wolf Quotes
One month [after the law took effect] a special edition of the Federal Register was published containing close to 250 pages of safety and health standards. Businessmen were given three months to familiarize themselves with these standards before the majority of them were to be effective.
[The bill] raises taxes on a narrow sector of the U.S. economy with the aim of funding a broad-based entitlement program, which is grossly unfair and burdensome to American businesses and consumers.
...we remind you that unemployment compensation is not a poverty program. Some claimants have substantial assets. For example, 1979 income tax records reflect more than 1 ½ million tax returns reporting adjusted gross income of $20,000 or higher and also receipt of unemployment compensation. Moreover, when unemployment benefits are combined with other income-support programs, some claimants actually come out better than when they were working.
We think this bill is definitely going to cost jobs in New Jersey. Why come into New Jersey and why expand when you have that much additional cost?
Backgrounders & Briefs
Industry Repeats Itself on Financial Reform
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.
Resources
U.S. Chamber Watch is a watchdog organization focused on the U.S. Chamber of Commerce's agenda and influence.
