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I'm small businesses that's firms with less than twenty employees say are America's job creators.
They pay an estimated 3000 dollars more per employee than large firms in order to comply with government regulations former.
Blanche Lincoln is now the chairwoman of small business for sensible regulation she joins me now tell me about this burden of regulations.
-- one of the things we're finding obviously is that small businesses are hampered disproportionately than larger on businesses are as you mentioned those that twenty -- fewer.
On the see it as a disproportionately higher cost to them in doing business but one of the most important things we need to remembers putting our economy back on track.
It it it's critical to empower small businesses to be able to hire people and one of the ways that we can do that is creating greater certainty.
Right now there's over 4000.
New pending regulations out there.
On that that they don't know what's gonna happen when it.
And so the most important thing we can -- giving -- greater certainty is going through those regulations and realizing does that are duplicative those that are.
Don't make -- that are not cost effective.
On -- losing that and and giving them something that they can actually depend on.
And and have the confidence to use their own resources to invest in themselves and create jobs so.
On and where don't Wear white to a over regulated we want to make sure that what we're doing is bringing common sense regulation on into the marketplace and making sure that there's a -- -- -- fit to.
It well you know I think it's a it doesn't matter who you talk to they'll have the same voice on this especially when you're talking about two people in business.
And as a matter of fact the head of the president's jobs commission just recently gave the president an earful Jeff them out speaking to the president.
We feel on what I'm with the other CEOs we we think they're tone -- these would be where the economy is and that's something only helps.
This is the none of us of course it's I think that actually helps you actually on a global basis.
But it's there should be any agency that can escape the economic.
-- consequences where we are today is we're we're we're we're kids today and I think.
You can help immensely on that.
Are right it's so senator I know you couldn't see this but.
M I'll give that president earful really dresses them down on this issue of regulations and how -- really hurting businesses.
And the president pulls back crosses -- arms over his chest you can tell is not happy to hear this.
-- how does it mean this does hold back small businesses is you know capping growth what is ultimately the impact.
Of having to pay this extra 2000 or whatever it is per employee.
Per employee more for those that are twenty employees are layoffs but the point here is.
Is that one and com.
You know there's so much out there that nobody knows where it's going.
On some of it duplicate some of it is just doesn't make good -- mean over 4200.
This is something that the -- it can do it immediately.
As well as costing.
Who next to nothing -- and that is creating greater certainty I mean we're not talking about spending money we're not talking about loan guarantees we're not talking about anything.
Except let's say any agencies.
Missed it this is staff I don't know what sites and start with a -- -- and then they'll buy right.
-- let's just don't overlook the fact that.
Here's something that doesn't cost anything it's something that agencies can -- they can go in immediately and give certainty to businesses large and small.
As to what they can expect.
Eight and we also could set this up in a way that not only could you give us immediate.
On opportunity in relate to small businesses but we could refine it it's such a way that it would give greater long term -- Yeah absolutely.
I don't do you then you know let me give us a slightly different topics senator you it could but relate it.
The president's jobs plan failed miserably.
In the senate even his own colleagues and fellow Democrats didn't vote for it.
What's going on here I mean you know you look at this plan half a trillion dollars 447 billion dollars not carrying his own party.
Are we trying the wrong ways.
To grow that you are trying to hollered and he's trying too hard as a sit you've got a great opportunity here that costs virtually nothing and that is -- -- they say agencies.
You know come back to us.
Figure out out of these over 4200 that are pending.
On those that don't make since those that are duplicative.
On put into place standards and and that the kind of cost benefit analysis making sure that agencies that are creating the rules and regs.
Are not the same ones that are producing the analysis but they were actually sending.
You know is this something that's gonna give us you know whether it's increase safety or or productivity or whatever.
Com age you know for the cost of what it's going to -- about businesses large and small so.
What the key is is that we need to look for the common sense twice week and -- Powell were.
Businesses and industries to grow the jobs because that's what's gonna grow our economy well an -- new ways of new brand -- Arkansas senator act it makes all sense in the world unfortunately a lot kick in Washington often very far apart.
Thanks for coming on the show tonight we appreciate thanks very good -- -- if you.
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