Business groups are upset with Congress’ inability to make much headway addressing the nation’s economic woes and point out that the implications may be dire for our financial well-being.
Private sector heavyweights criticize both parties for lapsing into campaign mode with the election still more than six months away, The Hill
reports. They can’t understand why Congress won’t act to extend 60 tax provisions that expired at the end of 2011, for example.
“It’s driving everyone crazy that 60 provisions of the tax code expired last Dec. 31, and 41 more are slated to expire this year,” John Engler, president of the Business Roundtable, an association of chief executives from the country’s biggest companies, told The Hill. “The government is underperforming.”
Business leaders also are upset that the transportation authorization bill languishes in the House amid feuding among Republicans. And that’s historically a measure Congress approves with little fuss.
In addition, energy legislation, a cause of great importance to business, is unlikely to be addressed in the Senate because Democratic leaders want to protect vulnerable members from having to make politically controversial votes on Environmental Protection Agency regulations and oil-and-gas drilling.
Congress’ inaction, even on normally routine issues, has created uncertainty for businesses that makes it difficult for them to do any kind of long-term planning.
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