American Business Leaders Speak Out: Federal RegulationsPosted by Randy | April 10, 2012
“Having built a small business into a big one, I can tell you that today the impediments that the government imposes are impossible to deal with. Home depot would never have succeeded if we'd tried to start it today." – Bernie Marcus, Co-founder and former CEO of Home Depot
“The complexity of all of the different rules and regulations that the government imposes...creates a climate of incomprehensible confusion and uncertainty for business owners.” – Adam Steck, Owner, Southwest Metal Systems
These words from business leaders give us a glimpse into the harsh reality of federal regulations in America. Excessive regulations inhibit job growth by increasing consumer costs and creating an environment in which businesses are reluctant to invest or grow. Overreach of the federal government into the realm of American business stifles innovation and entrepreneurship.
Our nation was founded on the tradition that an individual could have the freedom to own and grow their own business. While there is some place for the federal government to ensure safety and protect consumers, there is much evidence that the government has gone far beyond that role through the imposition of excessive regulations. I have made it a priority to rein in burdensome regulations and stand up to big government. Read about my recent work to address regulations here.
Also, weigh in with your thoughts on regulations in my instaPoll that asks “Have federal regulations inhibited economic recovery and job creation?” Take the poll here.
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