May 19, 2017

Today's News from the U.S. Chamber- 5/19/17

Friday, May 19, 2017

Ryan: Tax reform is happening in 2017

Politico reports, “Speaker Paul Ryan on Thursday doubled down on a vow to reform the tax code this year, an optimistic timeline that could face headwinds amid the ongoing Russia investigations. The Wisconsin Republican, a policy wonk eager to show voters that Congress is still focused on the GOP agenda, chafed at a question about whether tax reform would slip beyond 2017. ‘I don’t think this is the case,” Ryan said at a news conference. “Our goal, and I believe we can meet this goal, is calendared 2017 for tax reform. And I think we’re making good progress.’” 

Why This Matters: We have a once-in-a-generation opportunity to do tax reform and steer our economy towards new and lasting growth. Take Action Now!

Trump administration formally launches NAFTA renegotiation
The Washington Post  

The Washington Post reports, “The Trump administration on Thursday formally notified Congress of its intent to renegotiate the North American Free Trade Agreement, a step forward on a campaign promise that was widely popular among voters but has unsettled the U.S. companies that have constructed their businesses around the trade deal's provisions.” “Tom Donohue, president and chief executive of the U.S. Chamber of Commerce, said the group welcomed the opportunity to modernize NAFTA for the 21st century. ‘If we all do our jobs well, the result will be a stronger agreement that spurs economic growth and job creation, not just in the United States, but across North America,’ he said.”

Court pauses lawsuit over Obama methane rule
The Hill 

The Hill reports, “A federal court on Thursday formally paused a lawsuit over an Obama administration methane regulation. The order, from the Court of Appeals for the District of Columbia, halts consideration of an oil industry suit challenging the Environmental Protection Agency’s (EPA) rules cracking down on methane emissions from oil and gas drilling wells. President Trump signed an executive order in March asking the EPA to review that regulation as part of an effort to undo several Obama-era environmental rules he argues hurt the energy industry.”

Separating fact from fiction in the Regulatory Accountability Act
The Hill 

U.S. Chamber of Commerce Senior Vice President, William Kovacs, writes for The Hill, “This week a Senate committee advanced a bill that would hold federal agencies more accountable and create a more transparent rulemaking process. For the last several months, activists have been asserting that regulatory reform provisions in the Regulatory Accountability Act (RAA) actually increase red tape, extend the time for issuing regulations by years and place the health of the nation at risk. These claims are not based in reality. The RAA is about good governance and the ability of Congress to ensure that federal agencies implement the laws passed by Congress in the manner intended by elected representatives.” 

Why This Matters: For the first time in years, there’s bipartisan consensus to regulate smarter. Take Action Now!


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