Driving the Week: Jobs and Spending
President Obama continues his attempt to woo big business, as he will speak to the U.S. Chamber of Commerce. If the President is serious about finding common ground and spurring job creation, he will halt many of the regulations being implemented by his administration.
The President is unlikely to give any ground on the regulatory front, but his remarks on spending may find a receptive audience. During his State of the Union, the President touted new investments, which were applauded by both the Chamber and unions.
As Heritage Action’s CEO Michael A. Needham points out, this should be no surprise:
You can bet that when 400 lobbyists are coming together, the best interests of the American people are not being advanced. This is the problem with Washington and a major reason for the rise of the Tea Party movement: if you have “big” in front of your name – big business, big labor, big government – your interests are protected; if not, you’re on your own.
It is clear the fight on spending is just now beginning. The WSJ characterizes last week’s events as an “inside-the-GOP fight.” And the Politico notes that “House conservatives are ready to cut,” but mentioned some groups are less than pleased with the initial offering:
Heritage Action [for America], the think tank’s advocacy wing, was less kind, saying “what conservatives need to know is that the proposal leaves an unacceptable $42 billion on the table.” Of the $74 billion in reductions from Obama’s budget proposal, $58 billion is from the portion of the budget not directly related to national security. So Heritage Action’s number represents the difference between the $100 billion GOP leaders promised in cuts to domestic programs and the $58 billion envisioned in the CR.
This week, there will be a lot of behind the scenes wrangling on whether to insert additional cuts in to the Continuing Resolution. Stay tuned to Heritage Action for the latest on where things stand…and what you can do to help!