Excessive Government Regulation is Bad for Small Business
In “The State of Small Business: A Report of The President” Transmitted to the Congress May 1985, Chapter 1. began with “The key word for the American economy in 1984 was growth, in terms of both employment and national output. Small business shared in this growth, and lead the way in many industries. Employment in small business-dominated industries expanded by 11.4 percent from October 1982 through October 1984. Employment in large business-dominated industries grew by only 5.3 percent during the same period. Proprietorship earnings, a measure of small business income, rose significantly during the first half of 1984.”
Here’s the first page of Chapter 3:
Can anyone show me where increasing taxes and regulations helps businesses – large or small – and the economy, or creates new jobs and growth?
(C) 2013 Steven M. Stroum