Political Quotes

“Mr. Speaker, small businesses are central to the economic recovery currently underway. Unfortunately, there are many obstacles for entrepreneurs to overcome in order to be successful. One of the most notable is regulatory burden, the hours upon hours it takes an entrepreneur to navigate and complete Federal, State, or municipal government paperwork. This impediment has grown dramatically in recent years. According to the SBA's Office of Advocacy, rules imposed from the Federal Government now cost Americans some $1.75 trillion each year. This is 50 percent higher than the $1.1 trillion in costs reported in 2005. We know that this burden falls heaviest on small firms. Research shows that small businesses face an annual regulatory cost of $10,585 per employee, an amount that is 36 percent higher than those facing large firms. And Federal agencies continue to release tens of thousands of pages of regulations each year. With this problem getting worse, it is certainly worth Congress' time and attention.”