A Politico report says that FCC Chairman Julius Genachowski is still planning to move forward with his Internet reclassification proposal.

Reclassifying the Internet under Title II regulations would impose the same 1930’s style of rules created for the telephone industry onto broadband. It’s an unnecessary change that would be bad for business, bad for consumers and would hurt broadband’s innovative drive.

Allowing the FCC to enforce net neutrality should raise red flags because it attempts to circumvent the democratic process by allowing an unelected body to enact sweeping regulatory burdens on our nation’s economy and communications system. Any such attempt is deeply unpopular with the American public, as a recent survey found strong majorities opposed to increased Internet regulation.

In addition to the growing opposition from Congress, business leaders and several leading minority organizations also oppose reclassification. That’s because research has found that reclassification would eliminate at least 500,000 jobs from the workforce and could result in an $80 billion dollar loss in GDP.

In this time of economic uncertainty, the last thing we need is unnecessary regulatory burdens that would reduce investment from the private sector and eliminate high-paying and quality jobs from the workforce. The broadband economy has been one of the bright spots in an otherwise challenging environment and that success story should be allowed to continue.

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