House Speaker Paul Ryan (R-WI), in presenting the agenda, said it is intended to be a blueprint for unshackling the American economy and unifying the party, notably leaving out immigration and trade reform, two issues that separate Ryan and other Republicans from presumptive presidential candidate Donald Trump.
“If the proposals that are cooked up in these bureaucracies are really so important, then let the people’s elected representatives decide — no major regulation should become law unless Congress takes a vote,” Mr. Ryan, (R-WI), said.
House GOP members say regulation cost the U. S. economy $2 trillion last year as the economy struggles to rise farther from the crippling 2008 recession. The party says coal mining can continue without wrecking the environment or putting the coal industry out of business, which would cost thousands of jobs.
On financial issues the GOP will push for bankruptcy not bail-outs if a big bank should fail. Said House Financial Services Committee Chairman Jeb Hensarling, Texas Republican: “We were told the regulations of Dodd-Frank would make our economy more stable, but the regulations have led to the big banks getting bigger and the small banks getting fewer.”
Conservative pressure group Heritage Action likes the plan, but House Democrat Minority Leader Nancy Pelosi (D-CA) said the agenda would poison the water we drink and the air we breathe, “while rolling back critical protections for American consumers and taking the cops off the Wall Street beat.”
Although some conservatives want to dismantle the CFPB, the House GOP calls for reforming the agency, hopefully easing the rule that inhibits financing of manufactured homes, which hurts buyers and sellers especially at the lowest income scale.
Further, the House GOP wants to pull back on federal rules that increase compliance cost on colleges and universities that results in higher tuition costs. ##
(Photo credit: reuters/Scott Audette–Speaker Paul Ryan with mother Betty Douglas at The Villages in Fla.)
