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The Economic Cost of Bad Regulations

Posted By Tina Korbe On May 10, 2011 @ 11:00 am In Economics | Comments Disabled

Ohio small-businessman Jack Buschur has a message for Washington about job creation: Get out of the way.

In a new video released by the House Committee on Oversight and Government Reform, Buschur explains [1] how a slow economy and costly compliance with government regulations forced him to lay off 12 workers from the company he founded in 1978 — Buschur Electric Inc.

“The regulations and the paperwork problems government throws at small business today is just becoming tremendously overwhelming,” Buschur says. “So much of it has nothing to do with safety or creating business. It’s all about regulations.”

According to Oversight and Government Reform Chairman Darrell Issa (R-CA), Buschur is not alone.

“Entrepreneurs and job creators all over America are coming to us and telling us similar stories,” Issa says in the video, which is part of the American Job Creators initiative.

Even if it’s bad news, Issa still wants to hear more — so he can do something about it. In the video, he asks Buschur and others like him to visit the website AmericanJobCreators.com [2] to report which regulations, specifically, cost American jobs — and pledges to work “tirelessly” to improve the regulatory environment.

The video is the first in a three-part series. The next will examine the financial costs of these regulations to business-owners like Buschur.

Article printed from The Foundry: Conservative Policy News from The Heritage Foundation: http://blog.heritage.org

URL to article: http://blog.heritage.org/2011/05/10/the-economic-cost-of-bad-regulations/

URLs in this post:

[1] Buschur explains: http://oversight.house.gov/index.php?option=com_content&view=article&id=1276:bad-regulations-cost-good-jobs-jacks-story&catid=22:releasesstatements

[2] AmericanJobCreators.com: http://jobs.majorityleader.gov/

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