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Posted by Randy | September 19, 2014
This week, the House passed the Promoting Job Creation and Reducing Small Business Burdens Act, (H.R. 5405) which reduces the regulatory burden on small businesses and spurs growth. It also includes several provisions to help emerging companies raise capital and grow.

By reducing the regulations crushing small businesses, we take a step towards freeing them up to light up our economy. It makes sense: real growth isn’t created by pulling a lever in Washington – real growth happens when our small businesses, innovators, and entrepreneurs have the ability and opportunity to create jobs, expand their companies, and push us forward.

Posted by Randy | June 27, 2014

Last week, the House of Representatives passed the America’s Small Business Tax Relief Act of 2014, H.R. 4457, with my support. This bill makes Section 179 of the IRS Tax Code permanent, providing important tax relief to small U.S. companies. It helps small business streamline records, purchase equipment, and reduce uncertainty for planning. This legislation passed by a vote of 272 – 144.

Bottom-line: It’s simple. Washington needs to get out of the way. We need to eliminate burdensome regulations and reduce the crippling tax load on small businesses so that they have the freedom they need to work, earn, grow, and create jobs.    


Standing up to big government on behalf of small businesses is a duty I take very seriously. Read about my recent work to ease burdens, provide access to capital, and support small business growth, here.
Posted by Randy | May 15, 2014

As we celebrate Small Business Week and recognize the value and importance of small businesses not just to our communities, but to the economic stability and prosperity of our nation, I wanted to share this article with you written by Congressman Sam Graves (R-MO), Chairman of the House Small Business Committee.  

Small Business Week
By Rep. Sam Graves (R-Mo.) - 05/14/14 09:00 AM EDT 

Every small business throughout the country is a story of someone’s hard work, a good idea, or a plan to make life better for their family. Many succeed, some don’t. We should respect the courage, risk and sacrifice required to build a business. One of the purposes of National Small Business Week is recognition of that effort, but there’s more to it. We should examine policies that are helping and hurting small business and make the appropriate changes to encourage their growth because our economy hinges on their success.

Small businesses are responsible for about half the nation’s economic output, and when it comes to jobs, small firms have an outsized impact. Small companies comprise about half of all private sector jobs in total, and lead the way in job creation with 60-to-80 percent of all new jobs, depending on the year. All told, small firms can take credit for 65 percent of jobs created over a recent 17-year span, according to the Small Business Administration.

It’s fair to say that if small businesses are thriving, then the economy is likely to be healthy. If small businesses are struggling, then the economy is not strong. 

Over the past month, the latest economic information has been a mix of good news and bad. The unemployment rate has fallen, but a closer look shows far too many Americans leaving the workforce. Moreover, the economy slowed to a mere 0.1 percent growth last quarter. Throughout the very slow recovery of the past several years, the economy has never really roared back or created jobs at the pace the country needs.

Small businesses are a major part of the solution for jobs and growth. When small firms grow, the benefits spread throughout the economy. The irony is that these businesses are often treated by Washington as though they are part of the problem. During the last five years, small businesses have faced numerous roadblocks to growth, including mounting federal regulations, higher taxes, economic uncertainty, and burdensome requirements from the health care law.

As one Connecticut small business owner, Dan De Clercq, commented to the Small Business Committee through our interactive website Small Biz Open Mic, “Since ObamaCare became a discussion in 2008, our yearly premium has doubled from 113k to 220k presently. Plus our deductibles and co-pays have increased to obscene levels. Eliminate or halve my corporate income taxes, help bring my company-sponsored health care back to normal levels and I'd hire four more people.”

Dan’s not alone in his experience. A recent NFIB study shows that ObamaCare’s Health Insurance Tax will cost the economy up to 286,000 jobs, and 57 percent of those jobs would be from small businesses. Over the past five years, the cost of new regulations on the American economy has spiked by $73 billion annually. The Administration has issued a burdensome 157 new major rules, each with economic costs of $100 million or more. This government power grab is predictably not leading to robust economic growth.

Despite the state of the economy, the U.S. Senate continues to ignore nearly 40 growth and jobs bills passed by the House. These bills range from reducing red tape to ensuring access to affordable energy.

Small businesses are widely supported by Americans, but they could use some more common-sense from Washington. The nation’s 28 million small businesses don’t need new bureaucracies or more government control; they need the administration to get out of the way so they can grow.

National Small Business Week is a great time to say “thank-you” to a small business in your neighborhood and “shop small.” I also believe this week is a great reminder that if Washington is going to talk-the-talk then Washington needs to get serious about a small business growth agenda that is going to back up that rhetoric. 

Graves has represented Missouri's 6th Congressional District since 2001. He is chairman of the Small Business Committee and also sits on the Transportation and Infrastructure Committee.
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.

The Achieving Less Excess in Regulation and Requiring Transparency Act,H.R.2804, requires the head of each federal agency to submit a monthly report for each rule they expect to propose or finalize during the upcoming year; requires agencies to choose the lowest cost rulemaking alternative that meets statutory objectives (while permitting costlier rules when needed to protect public health, safety, or welfare); requires advance notice of proposed major rulemakings to increase public input; and ensures that agencies fully analyze the effects of regulations on small businesses and consider ways to reduce unnecessarily burdensome rules.

It’s time to cut the red tape and foster an environment that allows businesses to thrive and grow. I will continue to work to reduce burdensome regulations on American families and small businesses.

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 Problem: “Small business is thus likely to find itself in the same predicament as individuals, in which cancellation notices abound and immediate answers are unclear or unsatisfactory.”

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:

  • 64% of franchise and 53% of non-franchise businesses believe the health care law will have a negative impact on their businesses.
  • 29% of franchise and 41% of non-franchise businesses are already seeing health care costs increase due to the law.  
  • Over 50% of franchise and non-franchise businesses are planning to make decisions, such as reducing employee hours, to comply with the law’s employer mandate and definition of full-time employment as those working 30-hours a week, rather than the traditional 40 hours.

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:

  • Fully defund the law (H.R. 2682).
  • Protect businesses from the penalties of the healthcare law (H.R. 2667).
  • Relieve small businesses from burdensome tax reporting requirements (H.R. 4).
  • Amend the definition of full-time employment to restore the traditional 40-hour week (H.R.2575).
I want to hear from small business owners in the 4th District: how is the Affordable Care Act impacting you? Weigh in here.
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. 

My Plan to End Obamacare:   

  • Championing legislation to fully defund Obamacare.  H.R. 2682
  • Voted 41 times to repeal or defund Obamacare.
  • Introduced bill to stop IRS from implementing Obamacare and using it as their next political bludgeon.  H.R. 1993
  • Demanding halt to $12 million in taxpayer dollars spent on Obamacare advertising. Read letter.
  • Championed bill to repeal Obamacare board of bureaucrats that could lead to health care rationing. H.R. 351
  • Relieved small businesses from burdensome tax reporting requirement. H.R. 4
  • Supported repeal of individual and employer mandates. H.R. 582
  • Opposed tax on the sale of medical devices. H.R.523
  • Protected the right of employers not to be forced to provide coverage for abortion services due to religious objections.  H.R.940 and letter
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.

The federal government was not intended to be a barrier to economic growth and I believe we must closely examine federal regulations, particularly those resulting from the health care law, to identify and address those that stall job creation and sustainability.  Read more about my work to reduce burdens on small businesses here.

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.