Harms small business

Harms small business

Commentary

The Great Regulation Charade

September 20, 2011

Cry Wolf Quotes

Main Street non-financial businesses would be hit with taxation, regulation, and possible nationalization by the Federal Reserve.

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Group letter signed by conservative groups including Americans for Tax Reform and Tea Party Express

Small businesses can and do fail because of this. There is a cost, both in dollars and in disruption. The cost in dollars is the cost of a temporary worker for which the company pays a premium, the training of a replacement worker and the overtime paid to remaining workers who help fill in for that absent employee.

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Michael Yates, president of a Hampton-based human resources consulting company. The New Jersey Media Group.

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.

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Julianne Broyles, spokeswoman for California Chamber of Commerce. The Tri-Valley Herald.

Finally, we vigorously oppose proposals that would mandate a minimum benefit package. This requirement goes beyond the problem being addressed and infringes on the right of employers and employees to develop the kind of health care coverage they want and can afford at a time when employers and employees are being very creative in the design and are negotiating a very hard line with the providers and carriers of health care for more cost effective health care plans. Such a requirement would be particularly onerous to small businesses, which have been most severely affected by the recent recession.

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Jan Peter Ozga, Director of Health Care, U.S. Chamber of Commerce, Testimony, Senate Finance Committee.
04/21/1983 | Full Details | Law(s): COBRA