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Cutting Red Tape for U.S. Small Businesses

Floor Speech

Location: Washington, DC

Mr. PAULSEN. Mr. Speaker, recently, I held a telephone town hall meeting with 7,000 of my constituents, and a good part of our conversation centered on our economy's anemic economic job growth and lackluster job creation. One woman with whom I spoke, whose name was Gloria, is a small business owner in Chanhassen. She expressed her deep frustration with the growing weight of new regulations on her business and on small businesses.

Mr. Speaker, Americans are burdened with $2 trillion nearly every year of new regulations--with the number only increasing. Since 2008, 156 new major regulations have been instituted, adding about $90 billion in regulatory costs to the economy and stifling economic growth and job creation. This needs to be fixed.

Congress should have more control over a growing bureaucracy by requiring that elected representatives sign off on those new rules and regulations that would have a major economic impact. Cutting red tape will help lower one more hurdle that is impeding opportunity for new jobs, job growers and creators, and entrepreneurs like Gloria.

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