Harms small business
Commentary
The Great Regulation Charade
Cry Wolf Quotes
If it becomes law, it will be the biggest financial burden for small businesses in decades, coming at a time when the state's economy is the most precarious it has been in a quarter of a century and when Main Street firms are least able to afford it.
I have a greater concern – the concern for rural America, the concern for suburban America, which is a concern for the communities that you and I come from….It goes too far, Mr. Speaker. It puts a burden on our small business places….Think about the small business people, the nonmanufacturing entities, that all of a sudden are going to be forced into reporting requirements and the cost of doing business that is going to put many of them under.
[Requiring small businesses to report their toxic releases would] cost thousands of dollars for over 100,000 small business facilities, many of which have profits in the $10,000 range.
ABA is very concerned about the direction this legislation is headed and we are concerned over the impact it will have on the ability of consumers, students and small businesses to get credit cards.
