I recently attended an event with a member of Congress in
Washington, D.C., where an attendee asked the congressman: "What
are you hearing about most from your constituents these days?" The
congressman quickly responded: "Regulations! Every business-person
I talk to expresses frustration about the burden of new government
regulations and how they affect the ability to grow."
In recent years, numerous new regulations have been issued by
the Department of Labor, Occupational Health and Safety
Administration, National Labor Relations Board and other federal
agencies that have significant effects on employers. The Small
Business Administration (SBA) estimates the total annual cost of
compliance with all federal regulations to be $1.75 trillion.
The regulatory challenges employers face are likely to grow even
further during the years to come. For example, regulations needed
to implement the employer-related provisions of the 2010 Affordable
Care Act are expected to be...
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