By Representative Sam Graves – The Obama administration has pursued an active regulatory agenda. The overall regulatory burden is now $1.8 trillion annually, according to the Competitive Enterprise Institute, and this year alone new rules have added $215.4 billion in compliance costs. Small businesses are understandably concerned that the second Obama term will only add to this already heavy regulatory burden.
As Washington debates a fiscal cliff on spending and taxes, we should not forget the regulatory avalanche that awaits businesses in the New Year. Roughly 4,100 new regulations are in the pipeline, according to the government’s website. more> http://tinyurl.com/b3vtse9
- The regulatory cliff awaits (blogs.reuters.com)
- The Fiscal Cliff Bargain is Peanuts (theneteconomy.wordpress.com)
- Beyond The Fiscal Cliff, Bipartisan Regulatory Reform (openmarket.org)