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Congress: Cantor's agenda

The AP: “The House Republican agenda this fall will focus on repealing environmental and labor regulations that GOP lawmakers say are driving up the cost of doing business and discouraging employers from hiring workers.”

House Majority Leader Eric Cantor (R-VA) outlined the House GOP's upcoming agenda today in a memo to members of the conference.  In it he explains a two pronged legislative approach for the fall and winter: 1) repealing "job destroying regulations", and 2) "tax relief" for small businesses and federal, state and local governments, NBC’s Frank Thorp reports. Cantor's memo is a telling sign that this fall and winter will be busy on Capitol Hill.  This legislative agenda is all in addition to whatever the super committee decides to send to Congress as part of the debt limit deal.  In addition, we should expect a fight over a long-term FAA reauthorization bill, a patent reform bill, votes on trade agreements with South Korea, Columbia and Panama, AND a renewed fight over government appropriations as the Continuing Resolution is set to expire on September 30th.

Cantor lists 10 regulations that were pinpointed by GOP committee chairmen, and which he says "are reflective of the types of costly bureaucratic handcuffs that Washington has imposed upon business people who want to create jobs."  The list includes regulations on such things as Coal Ash, Farm Dust, and a regulation requiring hospitals, factories and colleges to have new EPA-standard boilers equipped in their buildings (there's a full list of the 10 regulations below in the memo). We should expect legislation this fall and winter to repeal each of these 10 regulations. In addition, Cantor cites two specific tax cuts that he says republicans will eventually introduce in the House after the August recess is over.  The first is a repeal of a tax scheduled to go into effect in 2013 that would require federal, state, and local governments to withhold three percent of all government payments made to contractors in excess of $100 million.  The second will be to allow small business people to take a tax deduction equal to 20% of their income.