Business Roundtable is an association of chief executive officers of leading U.S. companies working to promote a thriving economy and expanded opportunity for all Americans through sound public policy.
Reacting to the President's Council on Jobs and Competitiveness
A selection of news and opinion of the release Tuesday of "Roadmap for Renewal," the year-end report of the President's Council on Jobs and Competitiveness. Many reporters put the proposal in a political, election-year context -- an editorial judgment call that makes some sense in second-day coverage. Energy beat reporters highlighted the call for expanded domestic energy production, the "all in" approach to energy policy. As for the other substantive recommendations, we think they were solid.
Los Angeles Times, "Obama praises business-friendly proposals"
President Obama praised a series of business-friendly proposals from his jobs council — the latest example of the president's strategy of seizing Republican-leaning ideas to protect himself against attack in the coming campaign.
Obama's jobs council on Tuesday called for overhauling the corporate tax structure and reforming federal regulations. Corporate tax rates should sink to "internationally competitive levels," the report recommended, and an "all-in strategy" should be adopted to cut reliance on foreign fuels by expanding domestic drilling.
As the election season heats up, Obama has been mixing a populist economic message — trumpeting his efforts to create a consumer protection agency, for example — with steps to woo centrist voters by preempting Republican ideas.
Politico, "Dissent in White House jobs council's ranks?
Before a council meeting Tuesday, the White House webcast caught United Food and Commercial Workers President Joseph Hansen abstaining from a vote on the council’s latest report.
The new report embraces lower corporate tax rates, in addition to recommendations on education, research and development, domestic energy and manufacturing.
“My concern is with the tax reform,” Hansen said, adding that he would “like to analyze it a little bit further” because of the fiscal pressures caused by the $15 trillion national debt.
As we commented Tuesday, "Not all council members agreed with the move to a competitive territorial system, raising fears that companies would exploit changes to avoid domestic taxation. At initial glance, those objections look like positioning for the coming political battles."
- White House news release, "President Obama Meets with President’s Council on Jobs and Competitiveness at the White House"
- USA Today (blog), "Obama jobs council pushes ideas backed by Republicans"
- RealClearPolitics, "Obama Tells Jobs Council He Will 'Push As Hard As Possible' But 'Obviously This Year Is An Election Year'"
- Portfolio.com, "Jobs Council Pleases Obama and GOP"
- Hot Air, conservative website, Tina Korbe, "Obama jobs council releases new recommendations"
And energy coverage ...
- Houston Chronicle, "Obama advisers suggest "all in" strategy for jobs, security"
- E&E Publishing, "President's jobs council recommends 'all in' strategy for energy," noting hostile reaction from environmental groups over support for fossil fuels.
- The Hill, E2Wire blog, "Obama's jobs council report says 'drill'"
- Washington Times, "Obama advisers push oil pipelines for jobs "
UPDATE (12:05 p.m.): Various news outlets are reporting that the State Department will announce its rejection of the pipeline this afternoon. Washington Post story here, Politico here. What happened to that "all-in" energy strategy?