The Leader Board
Nov 15 2011
While A Top Democrat Claims 'There Aren't Any' Regulations That Do 'Economic Harms,' Job Creators Cite Examples That Put 'Jobs At Risk'
Dem Claim: 'There Aren't Any' Regulations That Do 'Economic Harms'
SEN. HARRY REID (D-NV): "While it's proper to guard against and remove onerous regulations, and we need to do that, my Republican friends have yet to produce a single shred of evidence that the regulations they hate so much do the broad economic harms they claim. That's because there aren't any." (Sen. Reid, Floor Remarks, 11/15/11)
Manufacturing Regulations: Jeopardizing 200 Jobs At An Ohio Paper Mill
"The city may lose more manufacturing jobs as SMART Papers announced Thursday it's selling the business or closing up shop. Employees there were given notice the company will begin winding down operations now and will cease operations by the first quarter of next year. At stake are about 200 jobs, as well as tax and utilities revenue for the city." ("SMART Papers For Sale; 200 Jobs At Risk," Dayton Daily News, 10/14/11)
"Smart Papers, the Hamilton-based paper maker, said Thursday it has begun winding down operations... new federal pollution rules contributed to the decision..." "The company, which is the last North American manufacturer of premium coated printing papers used for everything from packaging to corporate reports, employs about 200. … uncertainty surrounding new federal pollution rules contributed to the decision, said Tim Needham, Smart Papers' chairman." ("Hamilton's Smart Papers Closing," The Cincinnati Enquirer, 10/13/11)
- "… as written today, Needham said the rules would require his company to essentially replace its existing boilers. Smart Papers uses electricity from its own generating plant to run the steam boilers, which in turn run the three paper-making machines at the plant. Beyond the cost of new boilers, Needham said, current boiler technology doesn't exist to comply with the EPA standards. 'When I talk to prospective purchasers, they say, "Can you guarantee us that we won't end up spending twice what it costs to buy the business to comply with the rules?" No, I can't,' he said." ("Hamilton's Smart Papers Closing," The Cincinnati Enquirer, 10/13/11)
Regulation Puts '230,000 Jobs At Risk' Nationwide
NATIONAL ASSOCIATION OF MANUFACTURERS: "During this critical time in our nation's economic recovery, manufacturers simply cannot afford another costly and burdensome regulation that will put 230,000 jobs at risk, according to the Council of Industrial Boiler Owners. The Boiler MACT rule will cost manufacturers more than $14 billion…" (National Association Of Manufacturers, Press Release, 10/13/11)
"For the paper sector only, the additional costs will put over 70,000 jobs at risk in our mills and communities. A wide range of sectors and the jobs they sustain would be severely harmed—universities, small municipalities, food product processors, furniture makers, and a wide range of manufacturers and other businesses that operate liquid or solid-fuel fired boilers." (American Forest & Paper Association, "Boiler MACT," Accessed 11/15/11)
Health Law Regulations: Abbott Laboratories 'Will Cut About 1,900 Jobs'
"Abbott Laboratories, maker of the rheumatoid arthritis drug Humira, said it will cut about 1,900 jobs… the job cuts come 'in response to changes in the health- care industry, including U.S. health-care reform and the challenging regulatory environment,' Abbott said in the statement." ("Abbott Labs Cuts 1,900 Jobs After Health Overhaul Prompts Restructuring," Bloomberg, 1/26/11)
- "Abbott Chairman and Chief Executive Miles White blamed the layoffs on the pressure of federal regulators as well as the impact of the health care overhaul law." ("State To Bear Brunt Of Abbott's Job Cuts," Chicago Tribune, 1/27/11)
'American Enterprise Group Announced … 110 Employees Will Lose Their Jobs' In Iowa & Nebraska
"Des Moines-based American Enterprise Group announced Thursday that it will exit the individual major medical insurance market, making it the 13th company to pull out of some portion of Iowa's health insurance business since June 2010. The move means 110 employees will lose their jobs over the next three years — 40 in Des Moines and 70 in Omaha. … 'It's a fairly predictable consequence of the regulation,' said Michael Abbott, the president and CEO of American Enterprise Group, the parent company of American Republic Insurance. 'The regulatory environment's getting really complicated.'" ("Iowa Insurer Exits Some Individual Health Policies," Des Moines Register, 10/20/11)
Financial Law Regulations: 'Will Only Exacerbate Uncertainty And Jeopardize Job Creation'
U.S. CHAMBER OF COMMERCE: "Instead of fixing the system, Washington just piled bureaucracies and massive new regulations onto a broken system. This will only exacerbate uncertainty and jeopardize job creation." (U.S. Chamber Of Commerce, Press Release, 7/19/10)
NFIB: "Many small business retailers and merchants – such as medical professionals, hardware, electronics, and jewelry stores – struggling through the current economic climate would be subject to these new regulations." "In addition to the many new and duplicative regulatory burdens placed on community banks, the Bureau is charged with regulating any retailer or merchant that finances a purchase subject to a financing charge or a written payment plan with more than four payments. Many small business retailers and merchants – such as medical professionals, hardware, electronics, and jewelry stores – struggling through the current economic climate would be subject to these new regulations." (NFIB, Letter To U.S. Senators, 4/26/10)
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