Business Leaders to Congress: Get Something Done

Tuesday, 17 Apr 2012 10:23 AM

By Newsmax Wires

Share:
A    A   |
   Email Us   |
   Print   |
   Forward Article  |
  Copy Shortlink
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.


© 2014 Newsmax. All rights reserved.

Share:
   Email Us   |
   Print   |
   Forward Article  |
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Conservative Editor: GOP Problem With Hispanics Is Within Party

Wednesday, 16 Apr 2014 19:40 PM

Jeb Bush called illegal immigration an "act of love." Rand Paul said the Republican Party needs to get "beyond deportati . . .

Paul, Rubio Lead Potential Republican 2016 Contenders in Spending

Wednesday, 16 Apr 2014 19:29 PM

Groups supporting Senators Rand Paul and Marco Rubio lead the pack of potential Republican presidential candidates in sp . . .

Rep. Blackburn on Idea of Sebelius as Senator: Hah!

Wednesday, 16 Apr 2014 18:36 PM

There's no way Health and Human Services Secretary Kathleen Sebelius can win a Senate seat, Rep. Marsha Blackburn says. . . .

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved