The GOP goes on and on about these are #JobKillingRegulations, #JobCrushingRegulations, and according to House Speaker John Boehner, are “strangling” business with detailed requirements over health, safety, the environment, corporate governance and finance.
The favorite new word on the GOP euphemism list is #Uncertainty.
Job creators are uncertain, small business owners and entrepreneurs can't put capital at risk when the government tax status is unknown and there maybe a new government regulation offering new rules to follow; "Wall Street" is uncertain due to new financial regulations of the #DoddFrank Bill, business is uncertain due to the affects of the "Affordable care Act" [ #Obamacare ], business is uncertain and will not invest due to potential rise in income and other tax statuses,
Republicans are hell-bent on cutting spending and preserving the goose that laid the golden egg; the gilded class [rich or of a higher social class ] tax breaks; are having no qualms at all about the economic uncertainty they almost single-handedly are responsible for creating.
Today's Republican Party (GOP) has worked very hard to Starve Government of Revenue needed to be effective on all things. They cut taxes during the George W, Bush administration while continuing to spend money like drunken sailors. Adding further insult to injury, the entered the United States of America into two wars which were paid for off budget with emergency appropriations bills adding to the countries deficits and debt.
Federal regulations are the actual enforceable laws authorized by major legislation enacted by Congress.
The Clean Air Act, the Food and Drug Act, the Civil Rights Act are all examples of landmark legislation requiring months, even years of highly publicized planning, debate, compromise and reconciliation in Congress. Yet the work of creating the vast and ever-growing volumes of federal regulations, the real laws behind the acts, happens largely unnoticed in the offices of the government agencies rather than the halls of Congress.
The facts are more common sense than one would think. Regulations are by need, usually social, economic or process oriented.
Social regulation prohibits production of products in certain ways or with certain characteristics that are harmful to public interests such as health, safety, and the environment and may demand products be produced in certain ways or with certain characteristics that are beneficial to these public interests.
Economic regulation prohibits firms from charging prices or entering or exiting lines of business that might cause harm to the economic interests of other firms or economic groups.
Process regulations impose administrative or paperwork requirements such as income tax, social security, food stamps, or procurement forms. Most costs to businesses result from program administration, government procurement, and tax compliance efforts.
All regulatory agencies begin rule-making by publishing draft regulations in the Federal register asking for comment from all interested parties.
Most of the complex and confusing verbiage that finds its way in to the final regulation published in our Code of Federal Regulations is the result of industry lawyers and lobbyists doing their best to exploit the process by creating loopholes in their clients favor to avoid doing what lawmakers intend.
Government regulation is good, so long as it receives the same type of scrutiny and process improvement effort that all systems deserve in order to succeed.
#JobCreators deploy capital regardless of the external environmental conditions so long as the total cost of capital invested in the business finds sufficient customers at an appropriate price in order to deliver a reasonable rate of return to the investor.
Good business people account for all operating expenses to determine is the risk of investment is worth the anticipated reward:
- accounting expenses
- maintenance and repairs, such as snow removal, trash removal, janitorial service, pest control, and lawn care
- advertising
- office expenses
- supplies
- attorney fees and legal fees
- utilities, such as telephone
- insurance
- property management, including a resident manager
- property taxes
- travel and vehicle expenses
- salary and wages
- raw materials
In short, the small business & entrepreneur will only make an investment in new hires when their business can no longer meet their customer demand as the operation is presently configured. When demand increase they will make a determination on whether their business needs more people or equipment to make their firm more productive in order to meet excess demand.
Government regulation and/or tax structures do not create uncertainty for small business people or entrepreneurs. They are only two of many factors good business people use to calculate their return on investment for any given venture.
Reject the Republican Parties attempt to remove the revenue any good government needs to operate effectively for their citizens. Government must be funded to properly perform continuous improvements to increase it's capabilities for citizens.
"We the People" reject the #GOP thought that government regulation, and therefore government is bad.
"We the People" reject the #GOP notion that government has created #Uncertainty and this is the reason why we have no new #JobCreation.
"We the People" reject the #GOP religion that "Trickle Down Economics" works as an economic road to prosperity.
Reject the Republican Policies on Good Government today!
Tell the wimpy Democratic Party to get off their ass and stand for something coherent or perish!
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