Survey: Small biz concerned about regs
Small businesses are increasingly concerned about heavy-handed regulations from the Obama administration, according to an election-year survey released Wednesday from the National Federation of Independent Business (NFIB).
“Overregulation is a killer for the economy,” said NFIB President Juanita Duggan.
“In recent years, there’s been an explosion of federal and state regulations. Every one of them costs money and time.”
The survey found that healthcare, regulations, and taxes are the top concerns for small business owners heading into November.
More than half of small business owners say the rising cost of health insurance is a critical problem. While one-third see the current state of regulations as problematic.
Other business owners expressed concerns about the growing push for a $15 minimum wage.
This could spell trouble for Democratic presidential candidate Hillary Clinton, who has aligned herself with President Obama’s signature healthcare law and a number of controversial regulations.
“Congress enacted the Affordable Care Act more than six years ago,” Duggan said. “Many of its supporters defended the plan as a solution to the cost problem. Obviously, the law has failed in its central promise.”