Ronald Reagan once said, “Government’s view of the economy could be summed up in a few short phrases: if it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.” There is no doubt in mind that these words continue to ring true today in Washington as regulations from the Obama Administration have reached an all-time high.
Far too often, you tell me you are fed up with government overreach and the crushing effects of excessive regulations. In 2015 alone, President Obama finalized 43 major rules increasing regulatory costs by more than $22 billion. In just seven years, the Obama Administration’s regulations cost over $100 billion. This all comes at a time when Americans are struggling to get back on their feet, businesses are working to recover, and our economy is stagnant.
From regulatory gut-punches like Obamacare and ever-expanding EPA rules, bureaucrats stack one new rule on top of the other – often before the previous rule is even implemented. Regulations under this president have woven a web so complex and large, it risks ensnaring every American. This means less job opportunities, lower wages and more families struggling. Instead of listening to the American people’s pleas to rein in bloated bureaucracy, the Obama Administration is pressing forward and giving no indication they will slow their flood of regulations anytime soon. In fact, they appear to be ramping up the process to get as many rules finalized as they can before the end of the year. Like you, I believe enough is enough.
That’s why I introduced an amendment to last week’s Financial Services and General Government Appropriations Act to ensure that the administration can’t propose or finalize a regulatory action starting. This common sense solution passed the House with unanimous support, and I’m hopeful it will see the same success in the Senate. It will effectively prevent the president from unleashing a new hailstorm of regulations in an attempt to cement his legacy in the last months of his administration.
Now, I recognize some regulations are necessary. But we need a regulatory system that is transparent; one that balances the needs of our environment and public safety with economic strength and jobs; one that benefits hardworking Americans — not big government, big labor and big business.
At the end of the day, our regulatory system needs to work for the American people, not the other way around. The problem is agencies have moved beyond their constitutional authority, and unelected Washington bureaucrats are accountable to no one. They show little regard for the real world damage of their new rules on working families, on people looking for jobs, or on our economy in general.
At its core, overregulation is a form of stealth taxation. We are all paying the price for every new rule that comes out of Washington. It is time for us to chart a new pro-growth course so that Americans can get back to work, and this amendment is one solution. As your representative, I am committed to getting rid of job-killing regulations, holding our federal agencies accountable and ensuring our government works for us.
U.S. Rep. Richard Hudson, R-Concord, represents North Carolina’s 8th Congressional District, which currently includes Richmond County.