White House and Congress Should Repeal Outdated Law as Costs Continue to Rise
|(ARLINGTON, VA) – Today, The White House announced a temporary waiver of the Jones Act in order to ease anticompetitive shipping restrictions dating from 1920. The Biden administration noted that the waiver only applied to a single tanker and they are considering additional waiver requests.
Tim Phillips, president of Americans for Prosperity, and Daniel Garza, president of The LIBRE Initiative, issued the following statement:
“The fact that this waiver was necessary goes to show how outdated, protectionist policies like the Jones Act delay the flow of essential goods and raise prices for everyone. This impact becomes even more apparent and harmful during times of emergency, which is why waivers have been issued repeatedly. While this waiver will help address the current fuel shortage, temporary fixes aren’t enough. We urge the Biden Administration, along with congress, to consider the full impact of the Jones Act and work to repeal it as costs continue to rise for struggling American families.”