Matt Doheny called on his Democrat opponent to reverse his long-held pro-regulation, anti-job position and support the Red Tape Reduction and Small Business Job Creation act when it comes to the floor today.
"Our current congressman votes for bills such as ObamaCare, which required - at last count - 12,307 pages of regulations," said Doheny, the Republican, Conservative and Independence parties' candidate in the 21st Congressional District. "He then compounds this big mistake by voting against the REINS Act, which would have reduced regulation by making elected leaders accountable for rules changes."
Doheny added: "The cost of compliance in the private economy is $1.75 trillion annually. It eats into a business owner's profits and reduces his or her ability to hire more people."
The candidate concluded: "Our economy is at a standstill and we have seen nothing but empty promises from my opponent that things will get better. They haven't and the job-killing regulations have only gotten more out-of-hand under his watch. This is the typical case of a politician saying one thing to constituents in north country and then doing another in Washington. This has got to stop."
EXPENSIVE, JOB-KILLING REGULATION:
: In 2008, U.S. federal government regulations cost an estimated $1.75 trillion, an amount equal to 14 percent of U.S. national income. ["The Impact of Regulatory Cost on Small Firms," Small Business Association, September 2010]
AND THE NUMBER KEEPS GROWING: "During the first three years of the Obama Administration, 106 new major federal regulations added more than $46 billion per year in new costs for Americans. This is almost four times the number--and more than five times the cost--of the major regulations issued by George W. Bush during his first three years." ["Red Tape Rising: Obama-Era Regulation at the Three-Year Mark," Heritage Foundation, March 13, 2012]
$15,586 PER HOUSEHOLD: Had every U.S. household paid an equal share of the federal regulatory burden, each would have owed $15,586 in 2008. ["The Impact of Regulatory Cost on Small Firms," Small Business Association, September 2010]
SMALL BUSINESSES PAY $10,585 PER EMPLOYEE: The portion of regulatory costs that falls initially on businesses was $8,086 per employee in 2008. Small businesses, defined as firms employing fewer than 20 employees, bear the largest burden of federal regulations. As of 2008, small businesses face an annual regulatory cost of $10,585 per employee. ["The Impact of Regulatory Cost on Small Firms," Small Business Association, September 2010]
REGULATION SLOWS HIRING: U.S. small-business owners who aren't hiring -- 85% of those surveyed -- are most likely to say the reasons they are not doing so include not needing additional employees; worries about weak business conditions, including revenues; cash flow; and the overall U.S. economy. Additionally, nearly half of small-business owners point to potential healthcare costs (48%) and government regulations (46%) as reasons. ["Health Costs, Gov't Regulations Curb Small Business Hiring," Gallup, Feb. 15, 2012]
420 JOBS LOST FOR EVERY $1 MILLION GIVEN TO BUREAUCRATS: By growing the federal regulatory budget by $1 million, 420 jobs are lost from the private sector. ["Regulatory Expenditures, Economic Growth and Jobs: An Empirical Study," Phoenix Center Policy Bulletin No. 28, April 2011]
The Red Tape Reduction and Small Business Job Creation Act, H.R. 4078, is a package of seven bills that pares back excessive federal rules that hinder job growth.
The package includes the Regulatory Freeze for Jobs Act, which prohibits economically significant rules -- those defined as having an economic impact of $100 million or more -- from being carried out until national unemployment drops below six percent. (It includes exemptions for health, public safety, enforcement of criminal laws or national security, and for international trade agreements.)
The act closes some loopholes that federal agencies used to easily put unfunded mandates on businesses or state governments and provides more accountability about those mandates.
Developers will be able to obtain environmental permits and approvals in a much more efficient way.
The Commodity Futures Trading Commission's cost-benefit analyses on proposed regulations would be improved.
The bill would institute a periodic check of all new regulations by the Securities and Exchange Commission to determine if the rules are working or can be eliminated.
It prevents a lame-duck president from issuing new rules between Election Day and Inauguration Day.