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FBN’s Peter Barnes on a recent survey showing that government regulations are the biggest obstacle to small business.
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Our recent Wells Fargo Gallup small business index survey found 22% of small business owners.
-- complying with government regulation is the most important problem facing them today.
The issue ranked ahead of consumer confidence at 15%.
And lack of credit availability at 10%.
The survey work.
Please ask congress approved a house Republican bill to limit government regulation.
Which house Republicans say it's holding up job creation by small companies that set up a major partisan battle on the house floor.
According to the Small Business Administration.
Regulations cost the American economy.
One point 75.
Trillion dollars annually.
The Obama administration is issued 200.
Such regulations that are expected to cost our economy at least a hundred million dollars each.
It is absurd that we would suggest that agencies that are trying to promote small businesses.
Are stopping small businesses and therefore we want -- implode the regulatory scheme.
But the Republican chairman of the house small business committee said that the bill would allow regulation to proceed in a more sensible way.
This will enable small businesses to meet the requirements imposed by regulators while freeing up scarce resources to expand their businesses and hire more workers.
The house bill now goes to the senate for consideration President Obama says he supports more streamlined government regulation.
Earlier this year he signed an executive order directing all government departments and agencies describe all government regulations for costs and -- -- That's it for this edition of the small business report.
At the White House Peter Barnes Fox Business Network.
