General Economics

Club for Growth Urges President Trump to Withdraw From Paris Climate Agreement

Doug Sachtleben - May 09th, 2017

“The Paris climate agreement threatens to harm American economic growth.”

 

Washington, DC –Club for Growth president David McIntosh, in remarks prepared for delivery today in Chicago at the American Coatings Association’s Spring Leadership Council, will urge the Trump Administration to begin the process of withdrawing the United States from the Paris climate agreement:

 

“The Paris climate agreement threatens to harm American economic growth,” said Club for Growth president David McIntosh. “President Trump was right during his campaign when he pledged ‘…to cancel the Paris Climate Agreement and stop all payments of U.S. tax dollars to U.N. global warming programs.’  The Paris Agreement undermines the Trump agenda of restoring economic growth and creating more American jobs.”

 

McIntosh also contends that the agreement will increase litigation over environmental regulations and will hinder the President’s promise to cut regulatory costs on American businesses.

Club for Growth Celebrates 100 Days of Pro-Growth Progress

Doug Sachtleben - April 26th, 2017

“President Trump has halted the economic destruction of the Obama years, and what would have been their extension by Hillary Clinton, and has restored confidence in the economy with strong and effective pro-growth policies.”

 

Washington, DC – Club for Growth president David McIntosh released the following statement about the progress made by the Trump Administration on pro-growth policies as the administration nears the 100-day mark:

 

“Imagine the economic devastation we’d be talking about today if Hillary Clinton had been elected: Higher taxes, more job-crushing government regulations, an expansion of government-run health care, and massive government overreach into the private sector,” said Club for Growth president David McIntosh. “In less than 100 days, President Trump and his administration have not only prevented that nightmare, but they have halted the economic destruction caused by eight years of Obama Administration policies, and have restored consumer and business confidence with strong and effective pro-growth policies (see below). The result of these policies has been a 15% gain in the stock market, which has added at least $2 trillion of wealth to all Americans in their retirement funds and savings.”

 

  • The President’s anticipated tax reform proposal will include the most pro-growth tax cuts in a generation.
  • The Administration has worked relentlessly for an Obamacare repeal deal.
  • President Trump has signed 13 Congressional Review Act (CRA) measures, erasing unnecessary and costly federal regulations.
  • The President has issued crucial Executive Orders that are crushing Washington’s oppressive regulatory state in a way that will put billions of dollars back into the economy.
  • The confirmation of Judge Neil Gorsuch as an Associate Justice of the U.S. Supreme Court bodes well for protecting individual rights and limiting the federal government.
  • The President has appointed the most conservative Cabinet to execute his administration’s policies.

Why ‘Buy America’ isn’t good for Americans

Doug Sachtleben - December 06th, 2016

Published in Conservative Review  12/6/16

By David McIntosh

Americans love competition. When it’s time to buy a product or service we want choices that induce competition.

And when the buyer is the federal government — using our tax dollars — we definitely want the most bang for the buck. Like our president-elect showed in his business when he famously had Trump neckties manufactured overseas, the goal is to deliver the best product at the cheapest price. That’s what taxpayers want; do the job right … do it efficiently … and don’t waste money paying more because some federal bureaucrat wants to steer our dollars to a favored business or to pay off a favor. That’s called cronyism.Cronyism takes on a whole host of forms in Washington. This week it may be tucked in a five billion bill called the Water Resources Development Act (WRDA), as Democrats are pushing hard for “Buy America” provisions in the bill.

For as patriotic as “Buy America” sounds, the truth is this: slapping “Buy America” mandates on federally-funded projects drives up costs, reduces competitiveness, and gives the federal government a green light to pick winners and losers among American businesses.

The U.S. Department of Transportation has estimated that forcing American companies to use only domestically-produced products for infrastructure jobs “will increase the cost of the overall project by more than 25 percent.” That means taxpayers are forced to pay at least another $250 million for every billion dollars of a federally-funded project.

The mandates also give a competitive advantage to some American companies over other American companies. Those that buy their raw materials internationally are likely to be shut out of the process. “Buy America” provisions are a classic example of protectionism and cronyism that protects and benefits certain firms and their employees, while shutting out others.

American businesses are also hurt when other countries retaliate against U.S. protectionism. Some of our largest trading partners have mounted efforts in the past to slow the flow of U.S. products into their countries, and have threatened to raise tariffs on products made by American companies to respond to our government’s “Buy America” protectionism. Again, while one sector of U.S. business is unfairly helped by such mandates, many others suddenly face new obstacles to their markets.

Competition and choice has been the true American way, and the federal government needs to stay out of the business of picking winners and punishing taxpayers. The WRDA legislation is costly enough without adding “Buy America” provisions.

The United States can compete with anyone. Tax reform and deregulation will make sure of that; not cronyism.

Club for Growth Backs House Leadership’s Warning Against Tariffs

Doug Sachtleben - December 05th, 2016

“Tax cuts and deregulation will make the American economy great again, but tariffs and trade wars will make it tank again.”

 Washington, DC – Club for Growth president David McIntosh released the following statement in response to published reports that “House Majority Leader Kevin McCarthy refused to back President-elect Donald Trump’s push for a 35-percent tariff on companies that move operations abroad…”:

“Tax cuts and deregulation will make the American economy great again, but tariffs and trade wars will make it tank again,” said Club for Growth president David McIntosh. “The president-elect is spot on when he calls for cutting taxes and federal regulations, but 35-percent tariffs would be devastating to consumers and businesses. The Majority Leader is right to caution against protectionism and to urge a robust debate on free markets and trade.”

Club on Trump’s Carrier Deal

Doug Sachtleben - December 02nd, 2016

Club President David McIntosh discussed President-elect Trump’s Indiana Carrier deal during an appearance on Fox Business Network’s “Making Money w Charles Payne” on 12-1-16