Today in the News
Wednesday, August 18, 2010
Skilled immigrants are now going to have to pay higher fees to get their H1B visas, thanks to a bill Obama signed last week.
"Many foreign technology companies — including the Indian giants Wipro, Infosys Technologies, and Tata — outsource thousands of technology workers to the United States. They will bear the brunt of these new fees, which will discourage investment in the United States and could lead to further protectionist measures worldwide."
Mexico is imposing punitive trade barriers on the U.S. to retaliate against the U.S. ban on Mexican trucks.
"What I’m concerned about is how the labor unions will use this and spin it — with calls of 'unfair' and 'unsafe'– to further undermine support for free trade. Already, the Teamsters’ Jim Hoffa has asked the president to challenge Mexico on the tariffs and said the only way to solve the problem is to not to open the U.S. borders to 'unsafe' Mexican trucks but to 'renegotiate' NAFTA."
The Federal Register
The 2010 Federal Register is now over 50,000 pages.
"President Obama should appoint a bipartisan commission to comb the books for harmful or obsolete regulations. The Committee should present their recommendations for repeal to Congress for an up-or-down vote without amendment. The time for this regulatory stimulus package is now. Today’s sky-high regulatory costs are one reason for the economy’s sluggish recovery. Doing business in America becomes more expensive every year, discouraging job-creating entrepreneurship. Keeping Federal Register page counts in check is important. Keeping the contents of those pages in check is even more important. But real regulatory reform involves much, much more."