Haley Barbour on Corporations

Former Republican MS Governor (until 2012)

Cut regulations that increase the cost of doing business

Proper federal regulatory activity is necessary. Many regulations, however, entail endless red tape but no longer provide benefits for the ordinary citizen. When regulation increases, so does the cost. Because of regulations, conducting business is more expensive. Minimum wage and other labor laws make hiring new workers more expensive. Environmental, banking and civil rights laws raise the cost of equipment, require extensive record keeping and paper work, and drive up the cost of credit. Source: Agenda for America, by Gov. Haley Barbour, p. 18-19 , Apr 25, 1996

Women-owned businesses doubled after Reagan tax cuts

The rewards people receive from participating in the free market economy closely match what each person has contributed to it. Moreover, those rewards are not earned at other people's expense. Thus, after the Reagan tax cuts, according to the National Federation of Independent Business, the number of women-owned businesses nearly doubled (from 2.9 to 5.4 million) during 1982 to 1990, and real earnings for women rose as well. Black and Hispanic unemployment rates declined overall in the 1980s; black employment in managerial and professional occupations rose 46% between 1983 and 1991, and similar Hispanic employment rose 84%. Unfortunately, our tax laws ignore these facts of our economic life. Source: Agenda For America, by Haley Barbour, p. 10 , Apr 25, 1996

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Page last updated: Apr 25, 2013