- $285 per family or 1% of income, whichever is greater;
- by 2016, it goes up to $2,085 per family or 2.5% of income, whichever is greater.
Thursday, June 28, 2012
Tuesday, June 19, 2012
The current regulatory environment places an enormous burden on the American economy by crushing small businesses with nonsensical rules and making the United States a toxic country in which to locate a business.
- Last year alone, 3,807 new final rules were published in the Federal Register -- more than 10 per day.
- During that same period, Congress passed only 81 new laws.
- Big businesses with more than 500 employees pay about $7,755 per employee to comply with federal rules each year, according to the SBA.
- But small businesses with fewer than 20 employees pay $10,585 per employee per year -- that's a built-in competitive advantage for big business of nearly $3,000 per employee.
Source: Ryan Young and Wayne Crews, "Washington's Ten Thousand Commandments,"American Spectator, June 5, 2012.