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.
For text: http://spectator.org/archives/2012/06/05/washingtons-ten-thousand-comma
Source: Ryan Young and Wayne Crews, "Washington's Ten Thousand Commandments,"American Spectator, June 5, 2012.
