It’s Wednesday, December 11, 2024. The 2025 General Assembly will convene in 28 days (just four short weeks until the madness begins).
These updates are curated from multiple news sources and designed to be a “choose-your-own-adventure.” Please read any coverage of interest and skip anything you deem to be irrelevant. Hyperlinks are provided to add additional context. With the 24/7 news-cycle I hope to keep us all in the loop on items we may want to know about or better understand. Please feel free to share if you think someone outside FGMC needs to be aware of this information.
Disclaimer – The news and articles contained within this update do not represent any political positions or policy opinions of Foster Graham Milstein & Calisher, LLP. This update is designed for informational purposes only.
Today’s Big Three Things-To-Know:
- Well, that’s not ideal. A study released Tuesday by the Colorado Chamber of Commerce reveals that the state’s sharp increase in new regulations over the past four years is costing tens of thousands of jobs and driving up consumer costs. The research, conducted by Maryland-based market-research and regulatory-analysis firm StratACUMEN, found that the number of new regulations affecting private industries between 2020 and 2023 grew by 7.1%, or 2.3% annually. Sectors such as pipeline transportation, personal services (ranging from pet groomers to funeral homes), and chemical manufacturing saw regulation growth of at least 50% during this period. By the end of 2023, Colorado ranked 12th in the nation for the highest number of regulations, but it is on track to rise to 6th place by the end of this year. Businesses in Colorado now face over 200,000 distinct regulations. Certain sectors are particularly burdened, with some industries facing more than three times as many regulations as the median U.S. state. These include the manufacturing of nonmetallic mineral products like glass and cement (7.67 times the median), pipeline transportation of natural resources (6.16 times), and ambulatory health-care services (4.02 times).
- Possible relief on rent. A Colorado commission on property tax policy is urging lawmakers to consider providing tax relief to low-income renters in the upcoming legislative session. This comes after several years of policy changes focused on assisting homeowners. The bipartisan commission, established during a 2023 special session on property taxes, is composed of four lawmakers and local government officials. Last week, the group approved three recommendations for consideration in the next legislative session. These recommendations are not legally binding and are separate from interim bills debated between sessions. One key recommendation is for the Legislature to offer tax relief to low-income renters, though the commission did not specify an income threshold, acknowledging that this could vary by city. Two potential relief methods were proposed: an income tax credit for qualifying renters and adjustments to the state’s Property Tax, Rent, Heat (PTC) Rebate program. The PTC rebate currently benefits older or disabled Coloradans who pay property taxes, rent, or heating bills and earn below a specific income limit, which was around $18,000 in 2023. The commission suggested revising the income eligibility and benefit amount. With Denver seeing a record number of evictions this year and many Colorado renters spending more than one-third of their income on rent, the proposed relief aims to address growing financial burdens on renters.
- Governors go on the defense (over the NDAA). The National Governors Association again called on Congress to preserve the authority of governors over Air National Guard space units. The Senate Armed Services Committee and the House Armed Services Committee on Saturday released their joint version of the National Defense Authorization Act for the 2025 fiscal year, and it did not include an amendment the House committee approved in May to protect a governor’s authority over space units in their state. “The Armed Services Committee’s failure to preserve Governors’ lawful authority over their National Guards in the NDAA is deeply concerning and breaks with more than a century of important precedent surrounding state’s rights — as well as a violation of federal law,” a statement from the NGA, which Colorado Gov. Jared Polis chairs, said. An Air Force proposal sought to transfer Air National Guard space units to Space Force but remove the authority state governors historically have had over those units. Governors and members of Congress from both parties have opposed the proposal, saying it would undermine the National Guard system and disrupt guard members’ intentions to serve both their country and their states. The amendment removed a provision of the Air Force proposal that disregarded a federal requirement that National Guard unit changes get a governor’s approval. The units could still get transferred to the U.S. Space Force, but with governors involved in the conversation and their ability to activate the units intact. The amendment also requires an annual report on the status of the transfer of Air National Guard members to Space Force. The NGA said governors from all 55 states and territories as well as more than 100 members of Congress have opposed the Air Force proposal to reassign units without their legally required approval. States regularly use their National Guard units to respond to natural disasters.
***Bonus Story – Cities neighboring Denver are signaling their support for mass deportations. Leaders in Aurora, Castle Rock, and Colorado Springs are pledging to support what President-elect Trump has called “the largest deportation operation in American history.” However, this stance conflicts with Colorado state law, which prohibits local police from collaborating with federal immigration agents. While Denver’s Mayor Mike Johnston has vowed to resist Trump’s deportation efforts, neighboring cities have taken a different approach. In Castle Rock, the town council recently passed a resolution unanimously agreeing to “comply and assist” with federal immigration enforcement under Trump’s plan. In Aurora, where Trump intends to launch his immigration crackdown, Mayor Mike Coffman has called for the lifting of statewide restrictions to allow the city to cooperate with Immigration and Customs Enforcement (ICE) on mass deportations. Colorado Springs’ city council also reaffirmed its position as a “non-sanctuary city” through a second resolution. Earlier this year, El Paso County, home to Colorado Springs, joined several other counties—including Douglas, Elbert, Garfield, Mesa, and Rio Blanco—in filing a lawsuit against the state. The lawsuit challenges two state laws that limit local governments’ ability to assist federal immigration authorities.
***Bonus, Bonus Story – Inflation nation. Inflation picked up in November, signaling that the path to reducing price pressures remains challenging. The Consumer Price Index (CPI) rose 2.7% compared to a year earlier, according to the Labor Department’s report on Wednesday, up from a 2.6% increase in October. Core prices, which exclude volatile food and energy items, rose 3.3% over the same period, matching economists’ expectations, as surveyed by The Wall Street Journal. Stocks gained in morning trading, with the Nasdaq Composite climbing more than 1%. The CPI index increased 0.3% from the previous month, marking the strongest month-over-month rise since April. The increase was primarily driven by persistent inflation in food, vehicle, and medical care costs. While housing-cost inflation showed slight signs of easing, which economists viewed as positive, there were ongoing concerns about inflation in the services sector, which represents the largest portion of the U.S. economy. Core goods inflation also accelerated from the previous month, largely due to rising vehicle prices. “Overall, we’re in an environment where the easy gains in reducing inflation have been made, and it’s becoming increasingly difficult to make further progress,” said Sarah House, senior economist at Wells Fargo.
And now, more news…
From Denver…Denver City Council approves shorter contract for Caring for Denver Foundation with eye toward more transparency.
As reported by The Denver Post, the Denver City Council on Monday awarded the Caring For Denver Foundation a one-year contract to continue administering grants funded through a dedicated city sales tax stream amid questions about the organization’s transparency and efficacy.
The council was originally slated to consider a five-year agreement with the foundation that since 2019 has been tasked with distributing funding collected by the 0.25% Caring for Denver sales tax that voters adopted in 2018. Those dollars are earmarked to fund public and nonprofit programs that are focused on providing Denverites with mental health support including substance use treatment, suicide prevention and programs that present an alternative to jail.
The delayed vote and shorter-term agreement come after Colorado Public Radio published a series of stories that examined Caring for Denver’s track record in delivering on its promises to combat substance use and mental health challenges in the city.
You can read more from The Denver Post here.
Also from Denver…Here’s who is headlining the 2025 Outside Festival.
Via Denver Business Journal, the Outside Festival is returning to Denver this summer and bringing with it well-known headlining artists.
Lord Huron and Grammy-nominated musical trio Khruangbin are among the artists that will perform at the festival on May 31 and June 1. Other artists include Sylvan Esso, Trampled by Turtles, Neal Francis, Waxahatxhee, Husnamds and Hazlett, organizers announced Tuesday.
In addition to music, other events will include adventure film screenings, athlete panels and signings, climbing, yoga classes, gear demos and “immersive brand engagements.”
You can read more from DBJ here.
Around the metro…Colorado Springs inches closer toward approving a new tallest building.
As reported by CPR, Colorado Springs is one small step closer to constructing what would be the city’s tallest building.
City Council members voted 7-2 Tuesday on three measures creating a new urban renewal district for the proposed site of the 300-foot-tall OneVela mixed-use apartment complex. This urban renewal designation would allow developers to recoup about $11 million of the costs of the $202 million dollar tower from its eventual tax revenue. Without that, the developers said they would not be able to secure financing for the ambitious project.
You can read more from CPR here.
More from around the metro…Denver’s neighboring cities signal support for mass deportations.
Via Axios, leaders in Aurora, Castle Rock and Colorado Springs are committing to comply with what President-elect Trump has called “the largest deportation operation in American history.”
Colorado law prohibits local police from working with federal immigration agents, setting up a conflict between state and city policies. Denver’s neighbors sharply diverge from the capital city, where Mayor Mike Johnston has vowed to resist Trump’s deportation efforts. Johnston’s defiance has drawn threats from Trump’s border czar nominee, Tom Homan, who warned the mayor could be jailed for his position.
This month, the town council in Castle Rock unanimously passed a measure to “comply and assist” with federal immigration enforcement under Trump’s plan. In Aurora — where Trump has planned to start his immigration crackdown — Mayor Mike Coffman told CBS4 this month he wants statewide restrictions lifted so the city can cooperate with Immigration and Customs Enforcement officials on mass deportations. In Colorado Springs, the city council recently passed a second resolution reaffirming its status as a “non-sanctuary city.
Earlier this year, El Paso County — where Colorado Springs is the county seat — joined Douglas, Elbert, Garfield, Mesa, and Rio Blanco counties in suing the state. The lawsuit challenges two state laws that restrict local governments from aiding federal immigration authorities.
You can read more from Axios here.
But hang on a minute…Mass deportations could “kill” Colorado’s meatpacking industry.
Also from Axios, he meatpacking industry in Colorado and nationwide is bracing for the fallout of mass deportations proposed under President-elect Trump, trade experts tell Axios.
Meatpacking — more than almost any other industry in this country — relies on foreign-born labor, documented or not. It would face critical challenges if those workers disappeared. Many in the meatpacking and livestock industry were happy to see Trump reelected, giving his campaign nearly double what they donated to back Vice President Kamala Harris. But they’re also fearful it won’t be able to operate without the workers he’s threatened to deport.
At the JBS meatpacking plant in Greeley, most workers have temporary or vulnerable immigration statuses, including DACA or refugee protections — leaving them susceptible to policy changes, says Kim Cordova, president of UFCW Local 7, representing workers at the plant. “If you took immigrants out of this workforce, there is no way that they can run those packing houses,” Cordova tells Axios. Mass deportations “would kill the industry.”
You can read more from Axios here.
Around the region…RTD board votes to extend CEO Debra Johnson’s contract to 2027.
According to CPR, the Regional Transportation District’s board of directors voted Tuesday to give CEO and General Manager Debra Johnson an 18-month contract extension.
Her current contract was set to expire in November 2025 and will now run through May 2027. Eleven directors voted for the extension, one abstained and two were absent.
Board chair Erik Davidson said Johnson has dealt with several challenges over her four-year tenure, put the state’s largest transportation agency on sounder financial footing and is “driving important change that has improved the agency.”
“This extension is intended to be offered to you to provide you the additional time to work with this agency and continue to develop out improvements to operational discipline,” Davidson said.
You can read more from CPR here.
From elections (yes, there is still election news)…Colorado Rep Stephanie Vigil won’t challenge results of HD16 race.
Via Colorado Politics, Rep. Stephanie Vigil, D-Colorado Springs, who lost the House District 16 race to Republican Rep.-elect Rebecca Keltie, says she will not challenge the results.
An automatic recount, ordered after the race ended in a seven-vote lead for Keltie, brought that race to a tie. But the canvassing board in El Paso County made up of one Democrat, one Republican, and the county clerk, declared that three votes cast for Vigil would not be counted, and Keltie was certified as the winner on Dec. 5.
The Secretary of State’s office accepted those results
You can read more from CoPo here.
From the Gold Dome…Jena Griswold’s office violated policy leading to voting equipment passwords leak, but mistake was ‘unintentional.’
According to Colorado Politics, a third-party investigation into how voting equipment passwords were posted online concluded that the Secretary of State’s Office failed to review documents before posting them online but that the mistake was “unintentional.” “A series of inadvertent and unforeseen events led to the public disclosure of the BIOS Passwords,” the investigator, Baird Quinn, LLC, concluded. “However, the failure to review the posted document to ensure that non-public information would not be disclosed violates a Colorado Information Security Policy on publicly accessible content issued by the Governor’s Office of Information and Technology,” the investigator said.
Meanwhile, state lawmakers will not pursue research into the Colorado secretary of state’s office over an election systems password leak discovered earlier this year. The Legislative Audit Committee voted 4-4 on an audit request into the state Elections Division. All four Democrats voted against the request and all four Republicans voted in favor of it. A tie means defeat.
You can read more from Colorado Politics here.
Also from the Gold Dome…According to the Ethics Commission, Rick Palacio violated state law by contracting with Gov Jared Polis’ office.
Via Colorado Politics, the Colorado Independent Ethics Commission has ruled that Rick Palacio, a former chief of staff to Gov. Jared Polis and former chair of the state Democratic Party, violated state law by contracting with the governor’s office within six months of his departure.
The commission did not fine Palacio and dismissed another claim that he had “double-dipped” as both a contractor and state employee. According to the commission’s findings, Palacio was appointed interim chief of staff in August 2020 when Polis’ then-chief, Lisa Kaufmann, went on maternity leave. Kaufmann is now the strategic advisor for the Office of Economic and International Trade.
Palacio’s primary duty, while serving as chief of staff, was dealing with the pandemic, the commission wrote in its Dec. 6 order. Kaufmann returned from maternity leave on Nov. 9, 2020, although Palacio remained on staff through Nov. 30 to “assist Ms. Kaufmann in the transition back to the chief of staff.” He continued to work on pandemic-related issues.
You can read more from Colorado Politics here.
On housing…Colorado property tax commission suggests renter relief for next year.
According to Colorado Newsline, a Colorado commission on property tax policy wants lawmakers to consider tax relief to low-income renters next session, following years of policy changes aimed at helping homeowners.
The bipartisan commission, created during a 2023 special session on property taxes and made up of four lawmakers and local government officials, approved three recommendations last week for the Legislature to consider next year. The recommendations, unlike interim bills considered by committees between sessions, are not binding or attached to any lawmaker.
The commission wants the Legislature to provide tax relief to low-income renters, though it did not define “low-income,” as it could vary based on city, and it suggested two methods of relief: an income tax credit for qualified renters and a modification of the state’s Property Tax, Rent, Heat (PTC) Rebate program.
You can read more from Colorado Newsline here.
On regulation…Study finds Colorado regulations among highest in nation, costing jobs.
From The Sum & Substance, Colorado’s sharp rise in new regulations over the past four years is costing the state tens of thousands of jobs while elevating costs for consumers, and reform is needed, according to a study released Tuesday by the Colorado Chamber of Commerce.
The number of new regulations affecting private industries that went into law between 2020 and 2023 increased 7.1%, or 2.3% annually, according to Maryland-based market-research and regulatory-analysis firm StratACUMEN group, which did the study for the Chamber. Pipeline transportation, personal services (ranging from pet groomers to funeral homes) and chemical manufacturing all saw at least 50% growth in the number of regulations governing those sectors in the four-year period, the report found.
That surge in new rules ranked Colorado as the state with the 12th-highest number of regulations by the end of 2023 but leaves it on pace to rank sixth by the end of this year, with businesses facing more than 200,000 distinct regulations, the study found. Some sectors have more than three times as many regulations as the median U.S. state, including manufacturing of nonmetallic mineral products from glass to cement (7.67 times the median rules), pipeline transportation of natural resources (6.16 times) and ambulatory health-care services (4.02 times).
You can read more from TS&S here and Colorado Politics here.
More on regulation…Colorado Agricultural Behavioral Health work group convenes to address mental health crisis.
Via Colorado Politics, the Colorado Agricultural Behavioral Health work group convened for its first monthly meeting on Monday, bringing mental health practitioners and members of the agricultural community from across the state together to discuss strategies to address the mental health crisis afflicting Colorado’s farmers and ranchers.
Headed by Department of Agriculture Water Policy Advisor Robert Sakata and Clinton Wilson of the Colorado Farm Bureau, the working group was established through a bipartisan piece of legislation during the 2024 session. The group includes active members of the farming and ranching community who have experienced mental or behavioral health issues, as well as mental health providers and representatives from the Behavioral Health Administration and Department of Public Health and Environment.
The group is tasked with engaging in statewide community outreach to educate farming communities on the behavioral health issues and stigma impacting farmers, ranchers, and their families. In addition to community outreach and education, the group will work to address the root causes of behavioral and mental health challenges in the agricultural industry. Agricultural workers and rural Coloradans are particularly susceptible to mental and behavioral health issues for a number of reasons, including physical isolation, long working hours, and financial stressor
You can read more from Colorado Politics here.
In tech…As Colorado refines its law on AI discrimination, privacy and consumer groups urge policymakers to give it teeth.-
According to CPR, a variety of advocacy groups are putting pressure on Colorado to thoroughly implement the state’s first-in-the-nation law to try to curb discrimination via AI systems. The law, approved last session, won’t take effect until 2026. It aims to set guardrails on how companies and government entities can use artificial intelligence to make key decisions over people’s lives, in areas as varied as banking and health care to government services.
A task force is scheduled to issue recommendations to lawmakers in February on how to implement it. It’s likely there will be additional legislation to modify that law and tackle other aspects of AI, introduced throughout the upcoming legislative session, which starts in January. Advocates for consumers, workers, social justice, and privacy have joined together on a letter outlining key provisions they want to see maintained in the law. That includes using a broad definition for AI systems and giving the Colorado Attorney General authority to issue rules interpreting and clarifying the law.
You can read more from CPR here.
From business news…Safeway owner breaks off merger with Kroger which would have impacted 105 grocery stores in Colorado.
As reported by The Colorado Sun, a day after two judges in two lawsuits ruled against the proposed $24.6 billion supermarket merger, Albertsons Companies said Wednesday it would end its merger agreement with Kroger.
“Given the recent federal and state court decisions to block our proposed merger with Kroger, we have made the difficult decision to terminate the merger agreement. We are deeply disappointed in the courts’ decisions,” Albertsons CEO Vivek Sankaran said. At the same time, the Idaho grocery chain, which owns 105 Safeway and Albertsons grocery stores in Colorado, also filed a lawsuit against Kroger for breach of merger agreement because the larger supermarket chain “ignored regulators’ concerns,” the company said in a statement.
As part of the merger proposal, if the deal failed to go through, Kroger must pay “an immediate $600 million termination fee” to Albertsons, the company said. The company is also seeking billions of dollars in damages from Kroger as it seeks to regain value for shareholders. Kroger operates 118 King Soopers and 32 City Market stores in Colorado. Kroger officials said they will comment soon.
You can read more from The Colorado Sun here and Denver Business Journal here.
In major national news…Police have suspect’s notebook describing rationale for C.E.O. killing.
According to NYT, Luigi Mangione, who has been charged with killing the chief executive of UnitedHealthcare at a company investors’ day, was arrested with a notebook that detailed plans for the shooting, according to two law enforcement officials.
The notebook described going to a conference and killing an executive, the officials said. “What do you do? You wack the C.E.O. at the annual parasitic bean-counter convention. It’s targeted, precise, and doesn’t risk innocents,” was one passage written in the notebook, the officials said. The shooting of the executive, Brian Thompson, occurred early Dec. 4 as Thompson arrived at a Hilton hotel on West 54th Street to prepare for the UnitedHealthcare investors’ meeting. His assailant escaped on a bicycle and then disappeared.
Mangione, 26, was captured Monday after a tip from an employee at a McDonald’s in Altoona, Pa., who was alerted by a customer who recognized him.
You can read more from The New York Times here and The Associated Press here.
On the economy…Inflation ticked up to 2.7% in November.
As reported by The Wall Street Journal, inflation picked up in November, a sign that the path to bringing down price pressures remains bumpy.
The consumer-price index rose 2.7% from a year earlier, the Labor Department said Wednesday, after rising 2.6% in October. Core prices, which exclude volatile food and energy items, climbed 3.3% over the previous 12 months. The results matched the expectations of economists surveyed by The Wall Street Journal.
Stocks rose in morning trading. The Nasdaq Composite jumped more than 1%. The CPI index rose 0.3% from the prior month, the strongest month-over-month increase since April. The increase was driven by persistent inflationary pressures in the cost of food, vehicles and medical care.
The pace of housing-cost increases cooled slightly from the prior month, which economists said was a welcome development. But they voiced concerns about persistent inflation in the services sector, which makes up the lion’s share of U.S. economic activity. Core goods inflation also picked up from the prior month, led by a jump in vehicle prices.
“Overall we’re looking at an environment where the low-hanging fruit has been picked and it’s getting harder and harder to make further inroads into reining in inflation,” said Sarah House, senior economist for Wells Fargo.
You can read more from The Wall Street Journal here.
You may have missed… Alex Jones keeps Infowars for now after judge rejects The Onion’s winning auction bid.
From The Associated Press, a federal judge in Texas rejected the auction sale of Alex Jones’ Infowars to The Onion satirical news outlet, criticizing the bidding for the conspiracy theory platform as flawed as well as how much money families of the 2012 Sandy Hook Elementary shooting stood to receive.
The decision late Tuesday night is a victory for Jones, whose Infowars site was put up for sale as part of his bankruptcy case in the wake of the nearly $1.5 billion that courts have ordered him to pay over falsely calling one of the deadliest school shootings in U.S. history a hoax. Families of the Sandy Hook victims had backed The Onion’s bid.
Following a two-day hearing in Houston, U.S. Bankruptcy Judge Christopher Lopez said he would not approve the sale, while citing concerns about transparency in the auction. That clears the way for Jones to keep — at least for now — Infowars, which is headquartered in Austin, Texas. The Onion had planned to kick Jones out and relaunch Infowars in January as a parody.
You can read more from The Associated Press here.
From Washington DC (via Jared Polis)…Governors call on Congress again to protect authority over space national guard units
Via Colorado Newsline, the National Governors Association again called on Congress to preserve the authority of governors over Air National Guard space units.
The Senate Armed Services Committee and the House Armed Services Committee on Saturday released their joint version of the National Defense Authorization Act for the 2025 fiscal year, and it did not include an amendment the House committee approved in May to protect a governor’s authority over space units in their state.
“The Armed Services Committee’s failure to preserve Governors’ lawful authority over their National Guards in the NDAA is deeply concerning and breaks with more than a century of important precedent surrounding state’s rights — as well as a violation of federal law,” a statement from the NGA, which Colorado Gov. Jared Polis chairs, said.
You can read more from Colorado Newsline here.
Also from Washington (via Elon Musk)…Musk pitches weight-loss drugs to lower health care spending.
According to Politico, Elon Musk, who is spearheading President-elect Donald Trump’s Department of Government Efficiency, is touting GLP-1 drugs to treat obesity.
“Nothing would do more to improve the health, lifespan and quality of life for Americans than making GLP inhibitors [sic] super low cost to the public,” Musk wrote in a post on X Wednesday. “Nothing else is even close.” Musk’s comments come just two weeks after the Biden administration made an 11th-hour push to require Medicare and state Medicaid programs to cover obesity drugs. The administration is proposing to reinterpret a 2003 law banning Medicare from covering popular GLP-1s directly for weight loss to do so.
You can read more from Politico here.
From the Supreme Court…Uinta Basin Railway gets U.S. Supreme Court review, but the 88-miles of track are just a footnote in a much bigger fight
As reported by The Colorado Sun, the opening salvo from the attorney representing the seven rural Utah counties that want a new railroad to connect Uinta Basin oilfields with the national rail network was pretty simple. But its implications were sweeping.
“Eighty-eight miles of track should not require more than 3,600 pages of environmental analysis,” said attorney Paul Clement, arguing for the Uinta Basin Railway before the U.S. Supreme Court on Tuesday in a case that could limit the scope of the 1970 National Environmental Policy Act, or NEPA.
But what if those 88 miles of new railroad in northeastern Utah direct a steady stream of 2-mile long trains carrying viscous, waxy crude along a section of the Colorado River to Gulf Coast refineries that could add more ozone-depleting greenhouse gases to a warming climate? Should a federal agency be required to study those far-flung effects under NEPA?
You can read more from The Colorado Sun here.
And around the globe…Changing green rules won’t help industry, EU climate chief says.
Via Politico, Europe’s conservatives aren’t helping the economy with their constant demands for tweaks to the bloc’s green rulebook, the European Union’s climate chief told POLITICO.
Wopke Hoekstra’s main task in the new European Commission, which took office earlier this month, is to ensure the bloc’s climate ambitions go hand in hand with industrial revival. But that won’t entail weakening existing green legislation — on the contrary. To support its struggling industrial sectors, the EU must stick with the climate rules agreed in the last five years, he insisted.
“Many companies are asking for predictability and staying the course rather than changing the rules of the game simply because they cannot cope,” he said in an interview on Monday afternoon. “One of the main criticisms of business is, stop changing course every half year,” he added. “Particularly heavy industry have very long investment cycles, sometimes decades ahead, and you are then not helped by politicians who are in the habit of constantly changing their minds.”
Hoekstra swerved a question on whether that’s a criticism of his own political family, the center-right European People’s Party.
You can read more from Politico here.
That’s all for today! Have a great Wednesday!
Best,
Adam J. Burg
Senior Policy Advisor |
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