Small Business Finance News
NFIB Forms Campaign To Decrease Small Business Regulation
Written by Jenna Weiner
New campaign from the National Federation of Independent Business targets small business regulations imposed by the Obama administration.
The National Federation of Independent Business has launched a new campaign targeting what it perceives as an increase in the number of regulations handed down by President Barack Obama's administration hampering small business' ability to create jobs and grow the economy.
"Small businesses have long carried a disproportionate share of the federal regulatory burden," said former Senator Blanche Lincoln, who will be the NIFB's chairwoman for Small Business for Sensible Regulations. "While some regulation is essential, there are more than 4,200 new environmental, financial, labor and other regulations pending at the federal level today."
Lincoln said these regulations are causing uncertainty and harming small businesses ability to create jobs. She said this is unsustainable in today's economy.
The Small Business Administration's office of advocacy said last year that government regulations cost the U.S. economy $1.75 trillion each year.
According to the National Small Business Association's 2011 Mid-Year Economic Report released this week, 88 percent of small businesses anticipate a flat or recessionary economy in the coming year.
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