Regulations, taxes aren't killing small business, owners say

Discussion in 'Economy' started by Synthaholic, Sep 3, 2011.

  1. Synthaholic
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    Synthaholic Platinum Member

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    Regulations, taxes aren't killing small business, owners say



    WASHINGTON — Politicians and business groups often blame excessive regulation and fear of higher taxes for tepid hiring in the economy. However, little evidence of that emerged when McClatchy canvassed a random sample of small business owners across the nation.


    "Government regulations are not 'choking' our business, the hospitality business," Bernard Wolfson, the president of Hospitality Operations in Miami, told The Miami Herald. "In order to do business in today's environment, government regulations are necessary and we must deal with them. The health and safety of our guests depend on regulations. It is the government regulations that help keep things in order."


    The U.S. Chamber of Commerce is among the most vocal critics of the Obama administration, blaming excessive regulation and the administration's overhaul of health care laws for creating an environment of uncertainty that's hampering job creation.


    When it's asked what specific regulations harm small businesses _which account for about 65 percent of U.S. jobs — the Chamber of Commerce points to health care, banking and national labor. Yet all these issues weigh much more heavily on big corporations than on small business.


    "When you look at regulations in many respects, what a lot of people don't take into account is their secondary impacts," said Giovanni Coratolo, the vice president of small business policy for the U.S. Chamber of Commerce. "They pay the price, regardless of whether they are primarily the recipient of the regulation or they are secondarily getting the impact of it. They pay the price in higher costs, whether it is fuel or health care or whether it's being able to find access to capital."


    McClatchy reached out to owners of small businesses, many of them mom-and-pop operations, to find out whether they indeed were being choked by regulation, whether uncertainty over taxes affected their hiring plans and whether the health care overhaul was helping or hurting their business.


    Their response was surprising.


    None of the business owners complained about regulation in their particular industries, and most seemed to welcome it. Some pointed to the lack of regulation in mortgage lending as a principal cause of the financial crisis that brought about the Great Recession of 2007-09 and its grim aftermath.


    Rip Daniels, a businessman in Gulfport, Mississippi, says government regulation is not hurting his radio and real estate business, rising insurance costs are. It's a topic overlooked by politicians who claim taxes and regulation are choking job creation.
     
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    Last edited: Sep 3, 2011
  2. B. Kidd
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    B. Kidd Gold Member

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  3. Stephanie
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    Stephanie Diamond Member Supporting Member

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    This article has got to be the biggest steaming pile of bullshit I have seen a awhile...

    good gawd.
     
  4. Synthaholic
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    Synthaholic Platinum Member

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    Translation: I've lost my precious talking point!!!!! [​IMG]



    :lol:
     
  5. Leweman
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    Leweman Gold Member

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    Quoting the article itself ... "says government regulation is not hurting his radio and real estate business, rising insurance costs are"

    Thats a direct result of government regulation. What a moron. Article contradicts itself.
     
  6. Toro
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    Toro Diamond Member

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  7. Synthaholic
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    Synthaholic Platinum Member

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    Bullshit! His insurance cost isn't regulated by the government.
     
  8. Synthaholic
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    Synthaholic Platinum Member

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    Yup! From your article:


    The biggest single problem facing America’s small businesses isn’t taxes or overregulation. It’s low demand, according to a new report released by the National Federation of Independent Business.

    Thirty-one percent of small businesses surveyed by the N.F.I.B. said that “poor sales” are their company’s “single most important problem.” The other options included were competition from large businesses, insurance costs and availability, financing and interest rates, government requirements and red tape, inflation, quality of labor, cost of labor and “other.”​
     
  9. Stephanie
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    Stephanie Diamond Member Supporting Member

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    31%????

    now that SPEAKS for the MAJORITY of business owners I GUESS:rolleyes:
     
    Last edited: Sep 5, 2011
  10. editec
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    editec Mr. Forgot-it-All

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    Which regulation are destroying small businesses?

    Anyone want to get specific?

    Or are we just going to keep speaking in vague talking points?
     

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