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Responsible Business Leaders Respond to President’s Speech

For Immediate Release: 
February 28, 2017

“The current system is rigged. But Trump’s get-rich-quick schemes will only weaken our economy. We need policies that yield sustainable growth and true, broad-based prosperity.”

Contact Info
Bob Keener

WASHINGTON, DC (February 28, 2017)—The American Sustainable Business Council (ASBC), with its member organizations represents more than 250,000 businesses, responded to President Trump’s speech to Congress today.

The following statements may be attributed to David Levine, CEO of ASBC:

(Editor’s note: Below the general statement are specific comments on jobs, regulations and climate.)

“Our economy can be adjusted to work for everyone. The current system is rigged. It's not working for people who work hard and play by the rules. We need systemic change that puts the economy on a sustainable footing.

“But Trump’s get-rich-quick schemes will only weaken our economy. Instead we need policies that yield sustainable growth and true, broad-based prosperity.”

“A race to the bottom, caused by laws that allow companies to provide catastrophically low wages and benefits, will not build an economy that creates widespread opportunity. Instead, it will cripple sustainable economic growth in the long-term.

“To strengthen our economy and address the challenges of tomorrow, we need to encourage businesses that are doing well by doing good. High-road businesses close the wealth gap, generate new jobs, and create a sustainable economy. Smart legislation, like Paid Sick and Family Medical Leave Insurance, creates a clear market framework in which more businesses are encouraged to adopt high-road practices—then everyone benefits.”

“Regulations are not the enemy. Actually they help economic growth. Regulations are key to well-functioning markets, and they help fix markets that don’t work properly. Blocking or delaying critical safeguards leaves ethical and responsible businesses at a competitive disadvantage.

“With climate change threatening many businesses and our entire economy, it’s surprising that President Trump didn’t even mention it. We need more federal support for clean energy technologies. Government investment is critical not only to environmental stability, but to economic stability as well. Let’s build on the tremendous progress the U.S. has already made in growing our clean energy sector.

“The Administration unreasonably favors high-carbon fuels like coal over clean energy from wind and solar. This strategy will kill domestic jobs, since renewable energy creates more jobs than fossil fuel. And it will give other countries a competitive advantage over us if we fail to build a clean energy industry here at home.”

The American Sustainable Business Council advocates for policy change and informs business owners and the public about the need and opportunities for building a vibrant, sustainable economy. Through its national member network it represents more than 250,000 business owners, executives and investors from a wide range of industries.