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Tom Donohue

Entries by Tom Donohue

Why the Jobs Plan Falls Short

(90) Comments | Posted September 16, 2011 | 9:00 AM

While the jobs plan President Obama proposed last week contains some ideas that American business supports, it falls short. It focuses too much on government spending and temporary tax breaks and too little on the trade, energy, tax, regulatory and entitlement reforms that will jolt our economy and job market...

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We Welcome the President's Intention to Restore 'Balance' to Government Regulations

(1) Comments | Posted January 19, 2011 | 1:54 PM

We welcome President Obama's intention to issue an executive order today restoring balance to government regulations.

While a positive first step, a robust and globally competitive economy requires fundamental reform of our broken regulatory system. Congress should reclaim some of the authority it has delegated to the agencies and implement...

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The Road Ahead for a Nation at Risk

(64) Comments | Posted November 18, 2010 | 1:15 PM

Election Day is now two weeks behind us. The analyses and recriminations were many, and the "What does it mean?" debates will likely continue until the next election, when they will begin anew. Such is life for those whose job it is to analyze and propound on such things. But...

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Americans Voted for Jobs and Economic Growth

(12) Comments | Posted November 2, 2010 | 8:32 PM

Today Americans sent a powerful message to Washington: Focus on job creation and economic growth. They have resoundingly rejected more government spending, higher taxes, and more burdensome regulations that have caused crippling uncertainty for businesses and held back our economy.

We agree with voters across the nation who clearly stated...

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We Can't Wait for "Superman"

(80) Comments | Posted September 28, 2010 | 10:50 AM

The 2010-11 school year is well underway and with it, a season of new beginnings. We send our children into the classroom with an expectation that they will learn and succeed in core academic subjects, be given opportunities to explore their interests, and be prepared to enter college or a...

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Making it in America

(51) Comments | Posted August 20, 2010 | 11:33 AM

Addressing the AFL-CIO recently, President Obama said:

For generations, manufacturing was the ticket to a better life for the American worker. But as the world became smaller, outsourcing, an easier way to increase profits, a lot of those jobs shifted to low-wage nations... We are going to rebuild this...
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Jobs for America

(335) Comments | Posted July 15, 2010 | 11:16 AM

Eighteen months ago, in the midst of the greatest economic crisis since the Great Depression, the business community worked with Congress and the president to rescue the economy and put Americans back to work. We supported programs to stabilize our financial institutions, bolster key industries, and help the unemployed. Working...

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Financial Regulation Bill Lacks Real Reform

(12) Comments | Posted July 6, 2010 | 12:09 PM

Our elected officials in Washington have struck again. Just months after passing a tax-raising, job-killing health care bill, Congress is about to approve financial regulatory reform legislation that, ironically, lacks actual reform. Proponents of the Dodd-Frank Wall Street Reform and Consumer Protection Act will undoubtedly hail it as a triumph...

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What's Next for Health Care

(14) Comments | Posted March 30, 2010 | 11:44 AM

Health care legislation was signed into law only days ago, but the president and congressional leaders are already launching an all-out public relations campaign to convince Americans that we should like what they did. It's going to be a hard sell. This $950 billion, 2,800-page bill fails to fix what's...

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Credit, the CFPA, and Recovery

(4) Comments | Posted February 10, 2010 | 3:35 PM

Everyone agrees that enhancing consumer protection is important; even more important is doing it in a way that fixes legitimate shortcomings in our financial system and does not cause financial harm to our consumers and small businesses.

The House has passed, and the Senate is preparing to...

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A Plan for Job Creation in 2010

(5) Comments | Posted January 11, 2010 | 7:30 PM

Most Americans are glad to have 2009 behind them. It was a rough year for businesses, the country, and families alike. As we begin 2010, things look a little brighter, although many people and companies are still struggling.

What will the state of American business be in 2010? Most likely,...

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Creating American Jobs Through Global Trade

(17) Comments | Posted September 17, 2009 | 12:16 PM

Today, America faces a choice--to reach out and seize the benefits of international engagement or retreat into isolationism. This choice is central to the competitiveness of the U.S. economy and the hopes of hardworking citizens pursuing the American Dream.

The best way to protect American jobs and create new ones...

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Consumer Protection Should Work for Consumers

(2) Comments | Posted September 8, 2009 | 10:20 AM

Despite the headlines, health care and climate change aren't the only issues that Congress will consider this fall. Also up for possible consideration is the Consumer Financial Protection Agency (CFPA) Act, legislation that would dramatically reshape consumer finance. This bill, said to be a response to the financial crisis, would...

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Achieving Responsible Health Care Reform

(23) Comments | Posted July 21, 2009 | 12:44 PM

The biggest challenge posed by health care reform is fixing what's broken without breaking what works. What's broken is obvious -- health care costs too much, covers too few, and is of uneven quality. What works is the health insurance that employers voluntarily provide to more than 160 million Americans....

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Let's Put a Lid On Cap-and-Tax

(16) Comments | Posted July 7, 2009 | 9:11 AM

The fact that the Waxman-Markey cap-and-trade bill--officially known as the American Clean Energy and Security Act (ACES)--passed the U.S. House by a razor-thin margin proves that members of both parties have deep concerns about this legislation. And rightfully so. Although the U.S. Chamber supports comprehensive legislation to reduce greenhouse gas...

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Politically Driven Union Activism Hurts Shareholders

(3) Comments | Posted May 19, 2009 | 1:58 PM

Earlier today the U.S. Chamber released a study by Navigant Consulting showing that shareholder activism by union pension funds provides no benefit for pension plan participants, and may actually reduce shareholder value. We also released survey data showing a sharp negative reaction to the use of pension fund assets...

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President's Budget Is a Blueprint for Economic Malaise

(2) Comments | Posted March 30, 2009 | 11:57 AM

It has often been said that budgets are a statement of priorities. If that's the case, President Obama has taken his eyes off of the nation's top priority: economic recovery. Instead of proposing measures that would spur economic growth, the president's budget would dramatically increase the size and scope of...

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Economic Recovery: The Next Steps

(4) Comments | Posted February 24, 2009 | 11:04 AM

Everybody knows that the economy is not doing well. We are in a deep recession. Credit markets are still largely frozen. Companies and consumers that are lucky enough to have cash are sitting on it. No one is sure where the bottom is.

We have cause for concern, but not...

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Rebuilding the Economy by Rebuilding America

(0) Comments | Posted December 9, 2008 | 9:15 AM

The millions of Americans who traveled over the Thanksgiving holiday met traffic at every turn--on the highway, on public transportation, and at the airport. The number of flight delays on the Sunday after Thanksgiving ranked third all-time. And guess what? Commuters and others who have grown accustomed to congestion, delays,...

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The OCS - Our Nation's Piggy Bank

(5) Comments | Posted October 14, 2008 | 10:32 AM

Tomorrow night at Hofstra University presidential debate moderator Bob Schieffer is sure to ask: "How does the economic crisis affect your plans for the future?" It will be the third debate in a row that candidates have heard the question, and it isn't getting any easier to answer. Having spent...

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