A tidal wave of costly federal regulations threatens to hit the small business community and the US economy over the next four years if we continue on the President’s current course. There are currently 4,128 federal regulations in the pipeline that if implemented will impose costs of over $515 billion on the American public. Recognizing the impact these costly rules will have, the Administration has crafted many of them not to hit until after the presidential election in November.
This sharp regulatory escalation exemplifies how out of touch regulators have become from the realities facing small businesses today. Despite routinely promising to clean up the rulemaking process, the Administration has simultaneously proposed more and more complex regulations. Across the country, the disconnect shows: recent jobs reports have been dismal, small business confidence has fallen for consecutive months, and the rate of start-up businesses remain at record lows. Still the President seems aloof. Last month he said, “The private sector is doing fine,” and even more recently he seemed to disregard small business owners’ hard work when he claimed, “If you’ve got a business, you didn’t build that. Somebody else made that happen.”
To stand up for small businesses and help rejuvenate the economy, today Small Businesses for Sensible Regulations launched the Stop the Tidal Wave campaign. The effort is focused on amplifying the voices of the small business community at the local, state and national level, and educating the public about the impacts these rules threaten to impose on the economy. Too much is at stake to idly continue on the path the country is currently on.
To help stop the regulatory tidal wave, click here.