A small business advocacy group has launched a campaign to stop what it calls a “tidal wave” of proposed federal regulations that could inundate businesses and the economy.
“We must address the damage this administration is doing if we are to create jobs and growth,” said Tony Gagliardi, state director of the National Federation of Independent Business (NFIB) in Colorado. “Our economy doesn’t need more costly new federal regulations that will further stall economic recovery. Instead, Washington needs to do a better job enforcing regulations that are already on the books.”
According to the NFIB, their are more than 4,100 federal regulations in the pipeline that would, if implemented, impose a total cost of more than $515 billion on the economy.
Colorado is among nine states in which Small Businesses for Sensible Solutions has launched a campaign called “Stop the Regulatory Tidal Wave.” The campaign will use publicity and local events to educate the public about the affects of federal regulations.
A project of the NFIB, Small Businesses for Sensible Solutions is a national effort to represent the interests of 350,000 small businesses in protecting small businesses and jobs from proposed federal regulations.
In Colorado, the NFIB said proposed regulations could affect major industry sectors, including manufacturing and construction, that collectively employ more than 335,000 people and contribute a total of more than $40 billion to the state economy each year.
Poll results indicate that already regulations have hampered hiring by small businesses. A Gallup poll conducted earlier this year found that 85 percent of small businesses surveyed weren’t hiring and about 50 percent cited government regulations as the main reason.
Several Colorado business owners addressed the regulatory environment during a telephone news conference announcing the campaign.
“Colorado small businesses need sensible, clear and fair regulations that allow us to hire and invest, which in turns strengthens America’s economy,” said Jim Noon, owner of Centennial Container in Centennial.
Tim Alfred, president of Avtronics in Pagosa Springs, agreed. “This administration just doesn’t understand the burden that over-regulation places on businesses that are trying to produce a high-quality product while retaining — and hopefully creating more — good jobs.”