Under Obama, 11,327 Pages of Federal Regulations Added | cnsnews.com
And people wonder how regulations impact business. Navigating this maze of paperwork is a monumental task for a business owner. This also has a greater impact on smaller businesses, which do not have enough staff to deal with just regulatory issues. Large corporations have in house lawyers, tax specialists, and more, with specific duties pertaining to these regulations. Small businesses have to deal with regulations in the after business hours, or pay a contractor to do it for them.
In 2008 this cost of regulation to businesses was estimated at $1.7T. Four years later the cost can only be significantly higher. Is it any wonder Republicans want to reduce regulations and their impact on business and the economy? Democrats want you to believe that regulations prevent anything bad from happening. Actually, they prevent business from happening.
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