U.S. Chamber: Taxes, deficit could hurt wobbly recovery
There are some positive signs that the damaged economy is starting to recover, but those could easily be snuffed out by policies being put in place by the federal and local governments, U.S. Chamber of Commerce President Tom Donohue plans to say in a speech Tuesday morning.
In the Chamber's annual state of American business address, Donohue plans to warn of higher taxes and deficit-spending.
“Most job creators would like nothing more than to keep their workers employed, create new jobs, and bring some hope and relief to families struggling without a paycheck," Donohue's speech reads, according to excerpts provided to The Post. "But when they look at what’s going on in Washington, in the states, and around the world, they see massive tax increases, health care legislation that contains a burdensome mandate on employers and does not control costs, a climate bill and potential EPA regulations that could raise energy prices and impose new layers of bureaucracy, financial services legislation that could choke off their access to capital, a renewed push by unions to pass card check, a trial bar working with allies in Congress to expand opportunities for new litigation, the rise of trade isolationism, and the federal government planning to expand the national debt by at least $9 trillion over the next decade.”
The Chamber has been in a struggle with the Obama administration, which it believes has pursued anti-business policies, especially in its push to reform healthcare. In response, "The White House is moving aggressively to remove the U.S. Chamber of Commerce from its traditional Washington role as the chief representative for big business," Post White House reporter Mike Shear wrote in October.
Check back here later Tuesday for updates and more details on the address.
-- Frank Ahrens
Follow me on Twitter at @theticker
January 12, 2010; 9:00 AM ET
Categories: Obama , The Ticker | Tags: Obama, Thomas Donohue, U.S. Chamber of Commerce
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