Posted by Randy Forbes | March 18, 2014
According to The Center for Regulatory Solutions, a project of the Small Business & Enterprise Council, the regulatory cost per U.S. household is $14,678. In 2012, the median household income was $51,017. That means the regulatory cost per household is nearly 29% of the average family income.
At the end of February, the House passed a package of bills, with my support, to address this over regulation, and instead focus on spurring job and economic growth.
Posted by Randy | February 04, 2014
I wanted to share with you a recent article published by National Review, which details the increasingly apparent risks that Obamacare poses for small businesses. Below is a brief summary.
The Result: “Hundreds of thousands or even millions of small businesses and surely millions of their employees and dependents will have their health-insurance coverage seriously jeopardized.”
In my view, this situation is unacceptable. I supported an alternative (H.R. 3121) to Obamcare, and remain committed to fighting on behalf of our nation’s number one job creators: small businesses.
Posted by Randy | November 20, 2013
Putting aside political posturing and partisan talking points, what is the healthcare law's real life impact on small businesses across America? A survey of companies representing 42 million jobs, released this month by the International Franchise Association and Chamber of Commerce, reveals that the law is forcing our nation’s job creators to cut employee hours and halt job creation. Here are some highlights:
To place this burden on the backs of our nation’s number one job creators is both unacceptable and short sighted. That is why I championed solutions to:
Posted by Randy | November 18, 2013
In 2014, under the President’s healthcare law, a health insurance tax, amounting to over $100 billion will be imposed on health insurance companies, a burden which will ultimately be shouldered by small businesses and consumers.
As a result, the private sector may be forced to shed approximately 146,000 to 262,000 jobs by 2022, according to the National Federation of Independent Business, with over half of those losses negatively impacting small businesses.
Healthcare cannot come at an unacceptable cost to our business community. That is why I cosponsored H.R. 763, which repeals the health insurance tax and protects small businesses and American entreprenuers across the country.
I will continue my fight to entirely defund and defeat this economically unfeasible law.
Posted by Randy | September 25, 2013
The bottom line:
The Obamacare bill was 2,801 pages, with $1 trillion in new taxes that is now resulting in health insurance cost increases and hiring reductions. Citizens and their physicians should have authority over health care decisions, not bureaucrats. It is time to shut Obamacare down.
Posted by Randy | June 21, 2013
A recent article from CBS News’ MoneyWatch showed that 1 in 5 employers expect health care costs to rise by over 5% as a result of the President’s health care law. The wave of new rules and regulations, which companies are scrambling to prepare for, add yet another burden to small businesses amidst an economic environment where many are struggling just to keep their doors open.
Posted by Randy | May 20, 2013
I thought you might be interested in a recent article I read in The Washington Post, which detailed a disturbing trend: The GSA has failed to fully pay 1,334 federal contractors, shorting small businesses by over $3 million. Today’s economic environment is uncertain enough, but when you add in federal agencies that cannot be trusted to fulfill their half of the bargain, small businesses become discouraged from competing and hesitant to invest, stunting our entire country’s economic growth.
As the backbone of the American economy, entrepreneurs and small businesses are crucial contributors to our nation’s economic success. I will continue to work to promote policies that create a healthy economic environment which encourages small businesses to do what they do best: grow, innovate, creat jobs, and lead our country forward.
Posted by Randy | May 16, 2013
I wanted to share a recent article from AEIdeas, the American Enterprise Institute blog, further highlighting the destructive nature of the health care law. The article notes that, according to a recent Gallup poll, 48% of small business owners believe that the law will be bad for their business.
Question of the week: Do you believe that states should have the authority to require online sellers to collect sales tax from individuals living outside their borders?Posted by Randy | May 09, 2013
This week, the Senate passed the Marketplace Fairness Act, S.743, to enable states to require online sellers with more than $1 million in annual revenue to collect sales tax on transactions outside their borders. Under current law, sellers must have a physical presence in a state before the state can require retailers to collect sales taxes.
Supporters of this bill believe that small businesses and brick-and-mortar stores are at a competitive disadvantage with online retailers, many of which do not have to collect sales taxes. As such, proponents say that this bill is needed to level the playing field by enabling the collection of a sales tax that is already due.
On the other hand, opponents of this bill argue that it would burden small businesses, forcing them to comply with state and local tax laws from around the nation. Additionally, they argue that the measure would violate state sovereignty, force businesses to be tax collectors for other states without benefitting them, and dissuade entrepreneurial and start-up businesses.
Question of the week: Do you believe that states should have the authority to require online sellers to collect sales tax from individuals living outside their borders?
( ) Yes.
( ) No.
( ) I don’t know.
( ) Other (leave your comments below).
Take the instaPoll here.
Find the results of last week’s instaPoll here.
Posted by Randy | March 13, 2012
I want to share this video with you from the House Committee on Oversight and Government Reform today. Veteran truck driver Doug Grove, safety director at San Bernardino, CA based Western HiWays, explains how burdensome federal government regulations don’t align with the realities of the road.
Watch the video here or click the image below.
Government was not designed to be the center of the marketplace, nor was it meant to be a barrier to economic growth. With each new overreach of the federal government into the realm of small business, the more it continues to stifle innovation and entrepreneurship in America.
Read about my recent work to address regulations here.
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