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Tear Down Regulatory Barriers to Job Creation and Give Small Business Owners a Voice in the Complex and Confusing Federal Regulatory Process
The complex, confusing, and cumbersome maze of federal regulations costs small businesses 60 percent more per employee than it costs large businesses. Entrepreneurs cannot operate effectively in an environment of uncertainty and confusion. Such an environment makes entrepreneurs spend more time with their lawyers and accountants and less time with their customers. And compliance with these regulations can be very costly averaging $7,000 per employee by one estimate. The President believes that the following proposals would improve the regulatory environment for entrepreneurs:
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