Harms small business

Harms small business

Commentary

The Great Regulation Charade

September 20, 2011

Cry Wolf Quotes

Where we are headed for, you are not going to see those cool, little local restaurants. You are going to see a bunch of corporate restaurants, and the rest of the city is going to look like the restaurant dynamic on Fisherman’s Wharf.

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Eric Rubin, a managing partner in the restaurant Tres Agaves, The San Francisco Chronicle.

[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.

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Edward Yingling, president and CEO of the American Bankers Association. CreditCards.com.

The cost potential is very, very significant, in the billions of dollars on Pennsylvania employers….The small businessman, the farmer, is going to have to live with a more severe standard...the cost to them is going to be very phenomenal.

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Pennsylvania Representative Joseph Pitts (R-Chester)

This bill would have a severe economic impact on local, family businesses like the beer wholesalers by exposing them to increased liability and the potential for costly litigation claims.

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California Beer and Beverage Distributors