Congressman and small businessman Chris Collins (NY-27) believes the stream of regulations coming out of Washington is hurting small businesses and preventing economic growth. Collins visited Apparel Printers Plus in Victor today to talk about the regulatory burden small businesses face. Collins says Washington is doing nothing to give small business owners the confidence they need to invest in their company and create jobs.
"With unemployment up last month and consumer confidence at the lowest point in over a year, the last thing Washington needs to do is drown small business owners in a sea of new regulations," said Collins. "How do we expect small businesses to grow and hire more Americans when Washington continues to take more of their hard-earned money and burden them with new and expensive regulations, including ObamaCare."
As a member of the House Small Business Committee, Collins says there is a new way for small businesses owners to weigh in on proposed regulations. Small Biz Reg Watch is an interactive online resource for small business owners located on the Committee's website. It details proposed federal regulations that would impact small companies and give small business men and women the ability to direct their comments on the proposals to the appropriate federal agency. The site currently contains details on several regulations related to the implementation of ObamaCare, as well as other proposals.
"As someone who has spent more than 35 years in the small business world, I know the burden of having to comply with countless federal regulations, often with little or no advance warning," said Collins. "Small business owners are too busy running their business to keep up with the barrage of new federal regulations that are not only time consuming, but often cut into a company's bottom line. Since the people dreaming up these new rules have likely never spent a single day running a small business and employing people, they do not grasp the ramifications of these regulations."
In a recent US Chamber of Commerce survey, 78% of small businesses said excessive regulations and taxes make it harder for them to hire. The Small Business Administration recently reported that government regulations cost the average small business nearly $10,585 per employee. But Collins says Washington is not getting the message. According to the American Action Forum, the Obama administration issued $236 billion worth of new regulations in 2012. The same group says that over the course of the last four years, the federal government has imposed more than $500 billion in new regulations.
"Running a small business is no easy task and the unnecessary federal regulations make it all the harder" said Tim Maher, owner of Apparel Printers Plus. "Small business owners put the money they make back into their business so they can grow their company and hire more employees. But any small business owner is going to put expansion on hold if they are spending more money complying with new and burdensome regulations, especially in an uncertain economy."
The Chairman of the House Small Business Committee recently tapped Collins to Chair the Subcommittee on Health and Technology, which has direct oversight on healthcare costs for small businesses. Collins plans to hold hearings in the near future on the impact ObamaCare regulations are having on small businesses and the agriculture community. Collins is also a member of the bipartisan Small Business Caucus.