D.C. GOP calls for end of federal income tax for city’s residents
CEI’s Richard Morrison and CEO Kent Lassman were cited in reference to a list of actions that could relieve the tax burden on D.C. Residents. Regarding the SEC’s repeal of Biden-era climate rule.
The Competitive Enterprise Institute hailed the Securities and Exchange Commission’s announcement seeking to rescind the Biden-era climate disclosure rule.
The SEC recently proposed the rescission of what the agency described as “overly burdensome and costly” rules that require companies to provide climate-related information in their registration statements and annual reports.
The commission’s proposal focuses on returning the agency to its core mandate – in line with its legal authority – and restoring a materiality-focused approach to securities regulation.
Kent Lassman, CEI president, called the action “the most important deregulatory step taken by the agency in more than 50 years.”
CEI senior fellow Richard Morrison said the Biden-era rule would have required public companies to make “subjective and disparaging disclosures about their own operations, created a rent-seeking bonanza for self-interested parties to the detriment of ordinary investors.”