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Bob Flanders on Environment

 

 


Overburdensome regulation and red tape costs $2T annually

Overburdensome regulation and red tape are holding back Rhode Island and our country from reaching our potential. We need to empower our innovators, our small business people, and our entrepreneurs. I will strongly advocate for enhancing our business climate so we can create more jobs, grow our economy, and fulfill our potential.

Federal regulations can sometimes stifle small business growth and development, which our current administration has recognized and has initiated the process of reducing regulatory burdens on small businesses. Current regulations have created excessive red tape, and plans to reduce excessive government involvement in the daily affairs of small businesses cannot be accomplished without understanding the unnecessary costs involved. The U.S. House of Representatives Committee on the Budget found that 30 times as many regulations as laws have been promulgated, costing American businesses about $2 trillion annually.

Source: 2018 R.I. Senate campaign website FlandersForSenate.com , Nov 1, 2018

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Page last updated: Nov 03, 2018