Texas Insider Report: WASHINGTON D.C. The Presidents already tried massive federal deficit spending to create jobs.
That approach has absolutely failed to achieve anything other than further erosion of our economic base" said House Republican Conference Secretary John Carter (R-TX) earlier today calling on Congress to pass his bill to ban new job-killing regulations outright.
With the tsunami of job-killing red tape issued and proposed by this Administration the White House has become the greatest obstacle to new jobs we currently face. We have simply scared our businesses out of hiring expanding or investing" said Carter.
The Regulation Moratorium Act of 2011 HR 1235 would prohibit the enactment of any new major federal regulation before January 31 2013 giving business a guaranteed 17-month breathing spell from new unknown costs.
Carter believes it would provide a cost-free economic jump start for creating private sector jobs.
The growing federal deficit is in fact a key reason our job market is bogged down" Carter said.
Carter has led the House effort this year to revive use of the Congressional Review Act to challenge overreaching new federal regulations one rule at a time but is simultaneously pushing the Moratorium as a blanket approach to end the red tape crisis until after the 2012 elections.