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A recent Equipment World online poll found potential rollbacks of environmental regulations could have the biggest impact on contractors’ businesses under the new Trump administration.
Out of 206 contractors, 36.4% identified rollbacks as having the largest impact, followed by 23.8% saying interest rate cuts would be the most important.
Many contractors expressed support for a rollback of environmental regulations, with one contractor saying, “Although taking care of our environment should [be] considered, bureaucrats have had the ability [to] create high standards without considering the impact [or] even if they will achieve a measurable impact. I think we are spending far too much for little or no impact. Rolling back this regulation could only help the economy.”
Another said, “California has over-regulated the industry and caused financial hardships throughout the state. Removal of environmental mandates would allow businesses to be profitable again.”
And another contractor said, “Nobody thinks the EPA and OSHA are bad, but over the years their ever-increasing regulations have evolved from common sense to absurd.”
While the goal of NEPA is admirable it clearly has its draw backs. I am shocked to see that regulations are holding construction developers at bay more than high interest rates.