Political Quotes

“let me commend the chairman, the gentleman from Illinois (Mr. Manzullo) and the ranking member, the gentlewoman from New York (Ms. Velazquez), for bringing this legislation to the floor. Mr. Speaker, small businesses are the economic engine that drive America because they create three-fourths of all new jobs, employ half our workers, account for half of our gross domestic product, and contribute more than 55 percent of innovations. Small businesses have and will continue to pull the U.S. economy out of recession. They anchor our neighborhoods, employ and train our workers, and take care of our families. They are the reason that the U.S. economy is the strongest in the world. Despite all their contributions, small businesses face many obstacles. One of these obstacles is the expanding volumes of regulations where small businesses are mandated to learn and comply with government guidelines. The number of Federal regulations has nearly doubled over the past 20 years. The Federal Register, the resource book of Federal regulatory initiatives and changes, has increased to nearly 80,000 pages. With these kinds of rules and regulations, small businesses are finding themselves confused and often lost in piles of regulatory paperwork. It is difficult in this economy for small businesses to grow and prosper. The excess Federal Government paperwork requirements cost the economy about $100 billion a year. Much of this cost is paid by small business owners.”