Sen. Susan Collins says businesses need a “time-out” from excessive regulations that discourage job creation.
The Maine Republican wrote Monday in the Wall Street Journal that American employers “dread what is coming next out of Washington” — and Congress must pass the legislation she has proposed imposing a one-year moratorium on significant new regulations. This “time-out,” she wrote, will spur growth and create new jobs.
“In sports, time-outs are called to give athletes a chance to catch their breaths and make better decisions about the next play,” she wrote. “American workers and businesses are the athletes in a global competition that we must win. They need a time-out from excessive regulation so that America can get back to work.”
Some rules, however, won’t be subject to the “time-out,” Collins wrote. Regulations impacting crime, the military and foreign affairs or those needed in emergencies to respond to threats to public health or safety will be exempt.
Washington, she said, generates uncertainty that is “a big wet blanket on our economy” and makes business owners hesitant to create new jobs.
“American businesses need pro-growth economic policies that will end the uncertainty and kick-start hiring and investment,” she wrote. “American workers need policies that will get them off the sidelines and back on the job.”
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