I rise in support of H. Res. 72. Last November, the American people sent a message to all levels of government: get the government out of the way so that employers can create new jobs. Many in Washington seek a solution to our country's economic slowdown through a revision of the Tax Code and broad cuts in all levels of spending. I support these initiatives, but I do not believe they are enough. We must provide a climate for economic growth and job creation. Congress must relieve the American people from the hidden tax of excessive regulation and red tape. It is a tax that affects everyone, passed on every day in increased costs of products and services. To put things in perspective, according to a report issued last year by the Small Business Administration, the approximate economic cost of regulation is a staggering $1.75 trillion annually. Increased regulations stifle job creation and the expansion of businesses, both large and small. It cripples their competitiveness in a global market while smothering the innovative spirit that has made the United States of America great.
Editor's note · Context
Buerkle addresses the need for reducing regulations to foster job creation and economic growth.
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