//
you're reading...
News/Politics

Regulations: The High Cost of Doing Business

This past week, The Hill reported that the cost of Obama’s regulations for his first term were $ 518 billion, with nearly half of that –$ 236 billion – coming in the year 2012 alone. Expensive and prohibitive government policies such as these are the driving force behind the mass exodus of businesses abroad.

The staggering increase in regulations coupled with the the highest corporate tax rate among industrial nations (and now even a much higher tax rate on businesses operating in a non-corporate rate) form the foundation of a very anti-business climate in our current administration — despite what Obama would like you to believe.

It’s not that companies are being offered incentives to move overseas (they are not); instead, the reality is that as the government continues to meddle in business affairs, it creates more disincentives to stay in the United States. High taxes, legislation such as Dodd-Frank, and entities such as the EPA, SEC and the NLRB contribute to the monstrously rising cost of doing business here with their rules and regs. For many companies, moving abroad is a matter of corporate survival.

For those legislators who continue to insist that government is the solution – instead of recognizing that it is the problem – maybe it is time for them to move on. If Congress did its job to put American workers first by limiting regulations except when absolutely necessary, perhaps our businesses would once again have the liberty to grow and thrive in our great nation and a free market. Congress and this administration are making it very difficult for our own businesses to compete in a global world with a base in the United States.

Overreaching and burdensome regulations are sending companies abroad so that they can get back to the business of running their business, instead of having to doing the business of government compliance.

About Alan Joel

Alan Joel has been a CPA for more than 40 years in New York City, where libertarians like him are few and far between. He discusses tax and politics at his popular website, www.taxpolitix.com. You can also find him at RedState, Canada Free Press and Examiner. Join the conversation!

Discussion

One thought on “Regulations: The High Cost of Doing Business

  1. I do not know if it’s just me or if perhaps everybody else encountering
    issues with your website. It appears like some of the text within your posts are running
    off the screen. Can someone else please comment and let me know if this is
    happening to them too? This could be a problem with my internet browser
    because I’ve had this happen previously. Kudos

    Posted by youtube downloader video | August 14, 2014, 9:43 pm

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Enter your email address to subscribe to The American Complaint Department and receive notifications of new articles by email.

Follow us on Twitter

Error: Twitter did not respond. Please wait a few minutes and refresh this page.

The American Citizen's Daily

"It's our differences, and our freedom to voice them, that make us Americans."

Well played, sir...is now The Evolution of Reason!

"It's our differences, and our freedom to voice them, that make us Americans."

The Summerland Novel, Writings and Revelations

"It's our differences, and our freedom to voice them, that make us Americans."

%d bloggers like this: