Harms small business
Commentary
The Great Regulation Charade
Cry Wolf Quotes
It's idiotic to think about increasing taxes at a time like this….this is going to result in the largest tax increase in U.S. history. And again, it's idiotic….But Democrats are poised now to cause this largest tax increase in U.S. history. It's a tax increase of $3.8 trillion over the next 10 years, and it will have an effect on every single American who pays an income tax. Small businesses especially will be hit hardest....
A public plan would be unfairly matched against private plans and according to a 2009 Lewin Group Study, if the public plan’s reimbursement rates are similar to Medicare, an estimated 119 million people will shift from private insurance to the public plan. Within years, private insurers could be driven out of business and a “Single Payer System” will evolve. Moreover, an improperly constructed employer mandate could have a devastating impact on main street businesses that would be saddled with a significant economic burden.
Vague statutory requirements and misguided management over the years have given OSHA one of the worst track records in the history of federal agencies. As a result of OSHA operations, the costs of doing business have increased substantially among affected industries. In addition, many employers, both business and farming, have complained of harassment, lack of adequate technical advice, and total disregard for local operations or the realities of doing business….For years, I have introduced and co-sponsored bills to eliminate small businesses from coverage of OSHA….I can think of few other issues which have so consistently irritated my constituents…I shall certainly continue my efforts to eliminate the costly and counterproductive practices of OSHA which lead to uncertainty, increased disillusionment with the federal government, and which show questionable benefits in terms of increased health and safety.
[The bill], while well-intentioned, will increase the cost of credit for consumers and small businesses across the country, result in less access to credit for consumers and businesses alike, and may further roil the securities markets -- all at a time when our economy can least afford it.
