Obama has business running scared
Regulations have small businesses across Ohio running scared. President Obama’s newly unveiled Unified Agenda, the official federal rule-making document for 2013, has more than 3,500 regulations in the federal pipeline with over 750 directly affecting small businesses. This complexity of different rules and regulations coming from Washington D.C. creates a climate of confusion and uncertainty for business owners.
A new McKinsey Global Institute study this month found that many U.S. business executives say “permitting, regulation, and taxes are increasingly impediments to investing in the United States.” This climate also unfortunately leads to paralysis and inactivity in most small businesses.
America will not become more competitive by out-regulating our competitors. It’s time for our elected officials in Washington make sensible regulatory reform a priority.
— Tracie J. Sanchez, president of the Lima Pallet Co. Inc.