July 19, 2017

Today's News from the U.S. Chamber- 7/19/17

Wednesday, July 19, 2017

House votes to roll back Obama-era ozone standards
The Hill 

The Hill reports, “Lawmakers voted Tuesday to delay an Obama administration rule on ozone pollution and limit future regulations that crackdown on the pollutant. The House voted 229-119 to pass a bill from Rep. Pete Olson (R-Texas) slowing down the regulatory timeline for surface-level ozone pollution. The bill would delay implementation of the Obama administration’s 2015 rule lowering the acceptable level of ozone and would require the Environmental Protection Agency (EPA) to reconsider the ozone rule every 10 years, rather than on the current timetable of every five years.”

House GOP Budget Raises Stakes for Tax Overhaul
CQ

CQ reports, “The House GOP plan to marry mandatory spending cuts with a tax overhaul in a single reconciliation bill faced blow back Tuesday from some Senate Republicans, who envisioned potential hurdles to passage. Senate Finance Chairman Orrin G. Hatch, R-Utah, and other top Senate Republicans said the addition of unspecified mandatory spending cuts directed by House Republicans in their fiscal 2018 budget resolution would add to the difficulty of advancing a common tax plan being negotiated by GOP leaders and top Trump administration officials.”

Why This Matters: Tell Congress to take the first step: Pass a 2018 budget. Take Action Now!

U.S. Housing Starts Rose 8.3% in June
The Wall Street Journal

The Wall Street Journal reports, “U.S. housing starts rebounded last month, signaling positive momentum for home builders trying to meet solid buyer demand. Housing starts rose 8.3% in June from the prior month to a seasonally adjusted annual rate of 1.215 million, the Commerce Department said Wednesday. Residential building permits, which can signal how much construction is in the pipeline, increased 7.4% to an annual pace of 1.254 million last month. That was the largest one-month jump since November 2015.”

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