Bad for business
Commentary
The Great Regulation Charade
Cry Wolf Quotes
These bills, if enacted, will have a profound impact upon this great industry. Unwise legislation in this field could produce repercussions which would be felt throughout the country’s economy. I am confident that the Congress will exercise great care before taking any action which would seriously disrupt this important industry….We are strongly opposed to these bills. We do not believe that any governmental action is necessary or called for with respect to cigarette advertising or labeling.
In January 1990, the DuPont Company testified that accelerating the phase-out of ozone-depleting CFCs to July 1, 1996, would cause ‘severe economic and social disruption.’
Testimony submitted to this hearing by the Natural Resources Defense Council (NRDC) proposes a series of changes to federal environmental law that taken together can only serve to cripple American oil and natural gas production without attendant environmental benefits....The Committee – and more broadly the Congress – should summarily reject NRDC’s proposals. They follow the tired path of alleging to the Congress the need to change laws and regulations that do not follow NRDC’s world view and where NRDC and its allied professional anti-development organizations have failed to change the regulatory program through the normal processes or by appealing to the court system. This collection of proposals will have one clear effect – less exploration and production of American oil and natural gas and more foreign dependency. This is hardly an energy policy that makes sense of America.
[H]igh inheritance and estate taxes do compel the sale of assets, with consequent changes in ownership, shifts in management and generally dislocating effects.
