Harms small business

Harms small business

Commentary

The Great Regulation Charade

September 20, 2011

Cry Wolf Quotes

[The Fair Labor Standards Act] will destroy small industry….[these ideas are] the product of those whose thinking is rooted in an alien philosophy and who are bent upon the destruction of our whole constitutional system and the setting up of a red-labor communistic despotism upon the ruins of our Christian civilization.

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Representative Edward Cox (D-GA). 1938.
04/21/1938 | Full Details | Law(s): Fair Labor Standards Act

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.

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Independent Insurance Agents and Brokers of America statement, Washington, D.C.
06/10/2009 | Full Details | Law(s): Affordable Care Act

Class actions constitute a grave economic hazard to business—and the magnitude of the threat is likely to be in inverse relationship to the size of the business. Indeed, the effects on small businesses would be particularly catastrophic if not fatal.

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William B. Norris, Chamber of Commerce, Testimony, Consumer Subcommittee of the Senate Commerce Committee,” Chamber of Commerce Public Presentations.

[The OSHA right-to-know regulation would create] virtually unmanageable burdens on small manufacturers….workers would be just as safe without this regulation.

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Ralph Engel, Chemical Specialties Manufacturers Association official.