David vs. Goliath – Small Business Struggles Under Weight Of Federal Regulations

            Before he left, Chief Counsel for Advocacy Thomas M. Sullivan left behind some final thoughts for our blog:

 

            Looking back at my tenure as Chief Counsel for Advocacy, I am struck by how daunting it must be for a small business to keep up with rules and regulations.  The Mercatus Center described the amount of federal regulations as taking up “20 feet of shelf space.”  Moreover, our research shows that the smallest of businesses annually pay 45% more per employee to comply with federal regulations than big businesses do.  Neither of those figures takes into account state and local regulations.  Indeed, for someone thinking about starting a business, that makes a scary road to travel. 

 

— Thomas M. Sullivan, Chief Counsel for Advocacy

2 Comments
  1. Nicholas S. says

    Granted it is getting harder and harder for small business to compete against giant organizations, it is the birth and growth of these small businesses that provides hope for all entrepreneurs and gives hope to American business

  2. Wendy Rosen says

    I believe more small businesses fail due to theft and fraud than from the weight of Governmental rules and regs. I’ve been hit every year for the past five years… legal fees, slap lawsuits, fraud, breech of contract, all from huge corporations that I have no way to defend myself against.
    Corporate America has been given a free ride… small business has no way to defend itself.

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