This week’s Small Businesses In the News included the following stories:
Tidal Wave of Regulations Bad for the Economy
Richmond Times Dispatch’s Virginia Politics Blog, 7/26/12, by Jim Nolan
A tidal wave of regulations will negatively impact the growth of the economy and small businesses, a top Virginia Republican and small business group charged last Thursday. Lt. Gov. Bill Bolling joined with the Virginia chapter of the National Federation of Independent Businesses in a teleconference to launch Small Businesses for Sensible Regulations’ “Stop the Tidal Wave” campaign — their latest effort demonstrating the need for federal regulatory reform under President Obama.
Nevada Small Businesses Advocate for Fewer, More Sensible Federal Regulations
Nevada News Bureau, 7/26/12, by Sean Whaley
Last week, a pair of Nevada small business owners and Small Businesses for Sensible Regulations’ coalition members said the federal government needs to ease off on its excessive regulatory efforts under the Obama administration if it wants to encourage job growth here and around the country. Buddy Byrd, owner of Byrd Underground, a construction firm in Las Vegas, and Tim Wulf, owner of two Jimmy John’s sandwich shops in the Reno area, talked about their frustrations with what they say is regulatory overload.
Eric Cantor: Red Tape is Stifling Job Creation
U.S. News & World Report, 7/26/12, Opinion Editorial by House Majority Leader Eric Cantor
Small businesses are caught in a riptide of red tape. The overwhelming onslaught of rules and regulations coming from Washington is making it nearly impossible to start or stay in business, let alone grow, succeed, and create jobs. Since the president took office, his administration has had under review more than 400 regulations that cost the economy $100 million or more. According to the Small Business Administration, small businesses are facing annual regulatory costs of up to $10,000 per employee.