Small businesses are responsible for nearly two-thirds of job growth in this country. However, regulatory compliance limits small business expansion. The annual cost per employee of complying with federal regulations is significantly higher for smaller firms than larger firms.
Unnecessary regulation is a perennial cause of concern for NFIB’s members and is particularly burdensome on small businesses, which lack the resources and personnel to keep up with new rules. According to NFIB’s monthly Small Business Economic Trends survey, “unreasonable government regulations” ranks as a top problem. Unfortunately, the regulatory burden on small business has continued to grow for decades. Congress and the administration must curtail costly regulations that disproportionately affect small businesses. Reforming the regulatory process is one of NFIB’s top legislative priorities.
