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The Secretary of the U.S. Chamber of Commerce on Thursday condemned the federal government’s polarization, excesses and inability to take strategic action, and also called for action in areas such as reform, immigration and trade permits.
In her annual State of Business in America speech, Suzanne Clark, president and CEO of the Lobbying Group, said, “Business demands better from government, because when it comes to Washington, “Because the state of business in America is disgusting,” he said.
“ “A lot of people are telling us that the state of your own business is strong, but the state of your economy is fragile, and your confidence in your government to do the right thing is low.”
She said the immigration crisis at the U.S.-Mexico border, problems processing visas for much-needed engineers and nurses, and delays in infra PAVE approvals are among the many examples of governments failing to function. said too much.
projects, the trend to convert energy to XLE,
It turns policy into a ‘false binary choice between energy security and the energy transition’.
The US Chamber of Commerce examined annual disclosures by the S&P 500 SPX.
According to Clark, surveys of companies over the past decade have found a 30% increase in references to risks posed by government agencies and policies.
“The only risk that companies say is rising or getting worse is the risk that comes from our own government,” she said.
The U.S. Chamber of Commerce boss also said she and her colleagues believe a lack of corporate confidence in Washington is weighing on the economy. “So many people are telling us that the state of your own business is strong, but the state of your economy is fragile, and your confidence in your government to do the right thing is low.
“In fact, we’ve heard this mixed sentiment so much that we’ve given it a name — second-hand pessimism. And the risk is that indirect pessimism becomes direct. Concerns about the economy, exacerbated by the allegations in Washington, urge businesses to act in ways that make those concerns real.”
Clark called on Congress to pass meaningful permit reform. Last year, West had his two different proposals for energy permits from a Virginia senator. Democrat Joe Manchin and Republican Sherri Moore Capito.
Following Clarke’s speech, US Chamber of Commerce Chief Policy Officer Neil Bradley sounded optimistic about building on these two plans. “When you actually put these proposals side by side, there are more areas of agreement than areas of disagreement,” Bradley said at a press conference.
“With a little time to spare, without year-end deadlines and congressional deadlines, I am confident that we will be able to resolve them.”
Clark said at a press conference that he was optimistic about immigration progress. She said this was at the suggestion of Senator Kirsten Cinema of Arizona (who recently switched her affiliation from Democratic to Independent) and Republican Senator Tom Tillis of North Carolina. This combines more funding for border security with protection for “dreamers,” or illegal immigrants brought to the United States as children.
“Our hope that we can actually get something done here comes from the fact that we had some pretty good bipartisan talks late last year,” she said.
read more: “We need more people,” says Powell at the Fed. What does that mean for immigration reform?
Clarke’s comments on Thursday’s trade echoed her remarks in last year’s State of Business in America. She said the United States lags behind other countries when it comes to trade deals because it has not signed any agreements with them. A new trading partner for the first time in ten years.
An analysis of OpenSecrets.org disclosures ranks the US Chamber of Commerce as the largest spender on lobbying in Washington in the past two years. In his first three quarters of 2022, he spent $59.6 million to influence policy makers, surpassing the National Association of Realtors at $56.4 million and the Pharmaceutical Research and Manufacturers of America (PhRMA) at $22.4 million. I was. Last year’s fourth quarter submission deadline is next week.
US Stocks DJIA,
It rose on Thursday afternoon, aided by reports of softening inflation.
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