I thank my colleague from Illinois and the gentlelady from Alabama for her leadership and the things we truly need to get under control in order to build better lives for our families and families across this Nation. Thank you, Mr.…
I thank my colleague from Illinois and the gentlelady from Alabama for her leadership and the things we truly need to get under control in order to build better lives for our families and families across this Nation. Thank you, Mr. Speaker, for the time tonight. I know the gentleman from Illinois said that his district is flat. I think I'll surprise a lot of people when I say that I represent the second largest geographic area in the State of Colorado in Congress and most of my district is flat as well, so I understand what the gentleman is talking about when he talks about vast areas of great flat land in the high plains of Colorado.
When we got elected in 2010, the three of us here tonight, who all got elected in 2010 because we wanted to find a way to make America work again, to empower people around this country, whether it was the inner cities of our biggest areas, to people in rural areas across Colorado and this Nation, empower them to build the life that they always wanted to, to pursue their dreams, to ensure that the American spirit is alive and well. I think most of us recognize that we do that when we give people the power to do that for themselves, to get government out of the way and let America work, to tear down regulations that prevent job creation, to help make sure that access to capital is easier, not more difficult, that energy is more affordable and not more costly. And over the past couple of years, we have pursued policies to do just that.
In fact, this upcoming week, we will be voting on legislation to ensure that energy policies don't drive up the cost that it takes to power our economy, but to ensure we have a safeguard over regulations that cost too much, to make sure that the Department of Energy is paying attention to what is happening at the EPA in terms of regulations.
We've passed legislation to make it easier for people in small dollar amounts to loan money to their neighbors, to their friends, to invest in businesses that they're excited about, to try to tear down hurdles to invest at the individual level. You don't need a stockbroker down on Wall Street to figure out how to get involved in the American economy. We've passed legislation that allows individuals to get involved at the very start-up level of companies, innovators and entrepreneurs around this country. We did it because we know there are people who have incredible ideas of how to create opportunity, incredible ideas of how to create new wealth where none existed before.
In my district, whether it's agriculture, whether it's energy, or whether it's high tech, entrepreneurs are leading this Nation. And I know the gentlelady from Alabama and the gentleman from Illinois have similar experiences. We talk tonight about what we can do for this country and legislation that we will be introducing. But we will also be talking about the impediments we have to a full, healthy, economic recovery, and that's the President's plan.
While the President talks a lot about the economy, and I hear that he's going to be talking once again about the economy, but, unfortunately, his actions haven't matched up and the people in this country are still suffering.
I've talked to countless individuals, business owners, people who wanted to start a business, that talked about what it took for them to get started. Some of them maxed out every credit card that they had. They applied for more credit cards just so they could max out to try to get the business off the ground.
Others are looking at it, saying, you know, I've got some great ideas where we could grow, we could expand, or I could even start my own business, but I can't do that because we don't have the ability or the means to do that.
But to your point about the USDA requiring a license of somebody's rabbit, The Wall Street Journal recently talked about a Competitive Enterprise Institute study estimating that Federal regulations cost over $1.8 trillion. Now, that's nearly $15,000 for every American household, $15,000 that, before you can start your business, before you do anything else, is already built into the cost of doing business. That's already part of the factor you have to overcome the regulations. $1.8 trillion, that's about the same size as Canada's GDP, the gross domestic product of Canada.
We are regulating this country to the size of Canada's gross domestic product; and yet we're hoping to solve our unemployment problem by getting people to put it all on the line and risk their houses, their lives to go out and start something, to go out and take a risk, and yet we have regulations, $15,000 every household.
How can we expect this economy to recover when we have the uncertainty, whether it's the President's health care bill, whether it's uncertainty over energy regulations, coal ash bills that we'll be dealing with this week, or, indeed, licensing a rabbit at USDA?
The gentleman brings up a good point. Just one instance of stimulus spending in my district where it actually threatens jobs, and that was a program that came out of the BTOP grant program to try to provide broadband to unserved and underserved areas across this country, a noble purpose, to try to make sure that we're connected to Internet technologies that we need with high speed, to make sure we're able to educate children and a competitive workforce.
But, unfortunately, the money that came out of the stimulus actually was used to duplicate services by the private sector. In some areas, they actually overbuilt, 100 percent with government money, services, a fiber-optic
cable that was already in place by the private sector.
Many of these companies are very small, small co-ops, telecoms that can't afford to have somebody come in and undermine them with the free government money, trying to offer under-cost services, and yet that's exactly what happened in the stimulus bill. They were already providing the service, and yet the government came in and laid a line right next to the line that already existed in there. So that's what happened in the stimulus bill. Instead of creating jobs, it actually undermined our ability to build the private sector up.
And I know the gentlelady from Alabama has been an incredible leader on this.
The gentleman from Pennsylvania, I think you make some great points, and I just am reminded of the businesses that I've talked to in my district, from employers who are concerned they may have to reduce hours of their workforce, or employees who've already had their hours reduced.
And I don't want to interrupt your comments, but I think you are pointing out how this is actually hurting the economy. So, as the President pivots to jobs, perhaps he should pivot away from the bad policies that are driving this economy downward.
To the gentleman from Pennsylvania, I would just point out that this is not a radical Republican idea. The idea behind the REINS Act is actually something that's embraced across many States in the country right now. In Colorado, we have what's called the rule review bill. When an agency, whether it's the Department of Health, whether it's the Department of Agriculture, issues a new regulation, it actually comes to the State legislature for a vote by the State legislature. The State senate and the State house get to vote up on or down on whether or not that regulation is in the best interest of the people of Colorado, if it complies with the will of the legislature and the executive branch is carrying it out in the right way.
So the REINS Act that you point out is not some crazy idea. It's actually something that's in use right now to protect our economy from overreach.
I was speaking to a business in my district several months ago, and they had a conversation with somebody who isn't interested in reducing the burden on American families by making common sense out of our Tax Code, creating a flatter, fairer tax system. This is a manufacturing business in Colorado. They were talking about what their tax rate is and that they have looked at every way, every provision, every code possible to try to figure out how to lower that rate, and they can't go any further. They're still in the lower thirties.
The response they got from a legislator was, Well, you just need to hire a new accountant. Instead of actually trying to get to real reform of our Tax Code to lower the rate, flatten the code, they actually were told to just get a new accountant because they're not doing the right jobs. That's not how we're going to create jobs in this country.
One of the things that I think the gentleman brings up in tonight's conversation is he continues to talk about opportunity and what we stand for and what we've been able to do for jobs. I know that the gentlelady from Alabama is leading, if you're interested in engaging in this conversation around the country, wherever you are over the next days, weeks, months, as we talk about the economy, and beyond then, sending a tweet with the #4jobs in terms of engaging in this conversation. But you talked about what we can do. What we can do right now--and the gentleman from Virginia knows very well--it is energy.
We've talked to people about a manufacturing renaissance in this country. There are articles in the paper about businesses that were located in Germany that are looking to relocate into the United States. A company we talked to said the cost of energy in India is four times what they were paying here.
Traveling to my district, the Niobrara Formation, Eastern Plains, Western Slope, the energy that we can create there that's allowing this to happen. Whether it's coal, whether it's natural gas, whether it's renewable energy in my district, we have incredible opportunities to create these kinds of jobs that we know will put food on people's plates around the table, that will actually allow people to go on vacation, to afford to put gas in the car, to find a better way for their families.
So these are the kinds of jobs with this revolution that we can continue to foster, but we have to have a President that doesn't just pivot to jobs once in a while, but is committed to a long-term, healthy economy that gets the regulatory mess out of the way, that provides certainty.
I talked to a restaurant owner in my district. He owns three different bagel shops. He's actually going to have to sell one of them. He's worried because he doesn't know how he's going to be able to comply with the new health care plan. That's not the kind of certainty that we're looking for.
So don't stop what's going good in this country--the manufacturing renaissance, energy development, opportunity--and let's fix what's not going great; let's fix what's going wrong in this country.
That's exactly, at this time, what this country needs. I'm working, in a bipartisan fashion, with a Democrat from Vermont, Peter Welch, on an energy-efficiency measure. The President has also talked about this kind of approach, using performance contracts to create jobs, lower the amount of energy consumed by the United States Government--the largest economy consumer in the country. But we do it without government mandates; we do it without government subsidies. But we're doing something that's going to create private sector jobs, save the taxpayer dollars, and use less energy at the Federal level. The President's doing this. We're doing this here.
These are the kinds of opportunities we have to work together that are creating jobs, And they're not to bow down or to kowtow to a certain element of an agenda. It's actually to move the country forward by doing the right thing.