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Orlando Sentinel: Some regulations OK but this is overkill
Tuesday, August 14, 2012
Some regulations OK but this is overkill
President Obama must address the burden of federal over-regulation. If the current administration does not comment on this issue, it will lose the support of small-business voters in our state and nationwide.
These regulations are stifling Florida’s small-business community. I am the owner of Restaurant Equipment World in Orlando, and I have experienced an exponential increase in regulations over the past few years. Compliance has become a major part of my day-to-day work when my time should be focused on running my business.
Recently, the National Federation of Independent Business’ coalition, Small Business for Sensible Regulations, launched a campaign to emphasize that the next four years could bring a tidal wave of costly regulations for U.S. businesses and consumers. With more than 4,100 federal regulations in the pipeline, the estimated cost to the American economy is more than a half-trillion dollars.
Any law-abiding business owner would agree that some federal agency regulations are necessary to ensure the safety and well-being of customers and employees. The problem-child lies therein when federal agencies try to map out potential risk and end up regulating excessively, adding layer upon layer of rules, which results in lost time and money. This major distraction takes away from our bottom line and causes loss in revenue, which in this economy creates major heartburn.
Jerry Pierce Winter Park