Montana's Congressman, Denny Rehberg, today released the following statement after national unemployment rose to 8.3 percent in July. After talking to countless small businesses across Montana, Rehberg has drawn a stark contrast with other members of the Montana delegation in identifying government as part of the problem; the threat of higher taxes, preventing job creation and economic growth.
"President Obama and his Senate allies think the path to economic recovery is higher taxes and more government despite 41 straight months of unemployment over 8 percent. But for small business owners across Montana, the problem is obvious -- more government, and higher taxes hurt job creation. In fact, they're begging for the government to get off their backs so they can create jobs. President Obama may not credit small business owners with building their own businesses, but his economic policies certainly built high national unemployment."
Last week, Rehberg voted for H.R. 4078 the Red Tape Reduction and Small Business Job Creation Act. This common sense legislation cuts regulation to help small businesses create jobs. It also imposes a moratorium on any new regulation, except in the case of an emergency, until unemployment drops below six percent nationally.
A recent U.S. Chamber of Commerce poll revealed that 52 percent of small-businesses consider regulations to be the biggest threat to their businesses. And no wonder.
The Small Business Administration (SBA) estimates the annual cost of regulatory compliance in our economy is $1.75 trillion.
This regulatory compliance also costs our economy 5.8 billion work hours every year.
According to the SBA, regulations add $10,585 to the cost of every small business employee in America
The Obama Administration has proposed 3,118 new regulations indicated as either "active" or "long-term actions".
167 of those new regulations are expected to impact the economy by $100 million or more, the threshold for "economically significant'.
Government regulation is choking out job creation -- in fact, one striking study shows that, on average, eliminating the job of a single regulator benefits the American economy by $6.2 million and nearly 100 private sector jobs annually.