Today, Congressman Nunnelee voted for H.Res 72 which passed in the House of Representatives. This resolution directs House Committees to review federal agency rules and regulations that may unfairly harm the ability to create jobs and grow the economy.
"Federal regulations are increasing the cost of doing business and crushing job creators. Small businesses are the ones who are paying a pretty penny to comply with these burdensome rules and regulations. We need to put the money back into the pockets of our small businesses, not the federal government's hands," said Nunnelee.
According to the Small Business Administration, the average small business with less than 20 employees pays $10,585 in federal regulations each year per worker they employ. America's businesses that employ fewer than 20 people spend on average 36 percent more per employee than larger firms in order to comply with federal regulations. House Republicans want small businesses to be able to put that $10,000 they spend on federal regulations directly back into new jobs.
Democrats are continuing to take money out of the hands of families and businesses by burdening job creators with more government red tape. 43 major regulations were imposed in fiscal year 2010 with a total economic cost of $26.5 billion. Obamacare alone has added 6,123 pages of regulations since its passage in March 2010.