Welcome to the Permission-Slip Economy
Vice President Kamala Harris believes that U.S. Steel should not be allowed to sell its business to Japan’s Nippon Steel. This sentiment is echoed by some Republican senators who feel they should have the power to intervene in deals between private companies. This theme of government interference extends beyond just business deals. For instance, during the pandemic, airlines had to seek government approval to distribute hand sanitizer to passengers. Energy projects face lengthy permitting processes, and property owners often need government authorization to build on their own land.
It’s clear that our current permitting system is cumbersome and stifling. Permitting reform is not just about bureaucratic processes; it is a fundamental issue that impacts free markets, individual freedom, and economic growth. The web of red tape created by our permitting regime hinders innovation, slows progress, and ultimately leaves Americans worse off.
From housing to energy projects, the effects of overregulation are felt in every aspect of our daily lives. In places like California and New York City, stringent permitting processes have led to a housing crisis, with builders facing significant delays and increased costs. This not only affects middle- and low-income families but also restricts access to job markets in urban centers.
The energy sector is also suffering due to permitting challenges. Vital infrastructure projects are delayed by environmental reviews and legal battles, leading to higher prices and missed opportunities for cleaner energy sources. Similarly, delays in approving infrastructure repairs result in deteriorating roads, bridges, and transit systems.
It’s time for permitting reform to unleash the potential for growth and innovation in America. By simplifying the permitting process, we can create affordable housing, more jobs, lower energy prices, and modernize infrastructure. Reforms such as establishing a federal permitting agency to streamline the process and implementing strict timelines for reviews can help expedite projects and spur economic development.
Permitting reform is not just a matter of policy; it is a moral imperative. By rebalancing the power dynamic between government and individuals, we can ensure that America remains a beacon of innovation and opportunity. It’s about reclaiming the principles that have made this country great.
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