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Representative David Schweikert - Vice Chairman

Top 10 Olympic Events That Remind Us of the Obama Economy #4

Top 10 Olympic Events That Remind Us of the Obama Economy #4

#4: Hurdles

Regulatory hurdles stop entrepreneurs in their tracks

If you’re wondering why entrepreneurship has been declining, consider this:

  • The Obama Administration issued a record number of pages of rules last year.

  • The World Bank ranks the United States 49th out of 189 countries on the ease of starting a business, while Canada is #3.

  • Burdensome requirements like overtime rules and Obamacare’s employer mandate make employers think twice about hiring or growing a business.

  • Regulations cost an estimated $1.9 trillion per year, or over $15,200 for each American household.

 

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