By Elizabeth Williamson; Wall Street Journal
President Obama plans a government-wide review of federal regulations, aiming to eliminate rules that stymie economic growth. Jerry Seib has details. Plus, what is Apple's succession plan?
In an article published in the opinion pages of The Wall Street Journal, Mr. Obama said he intends to issue an executive order initiating a review to… Read more »
By Brian Riedl; Washington Times
Federal spending has expanded by $726 billion over the past three years, and now exceeds $30,000 per household. Yet if history is any guide, lawmakers looking to rein in spending and deficits will hear the following four fallacious objections:
Myth 1: Large entitlements cannot be reformed.
Stale conventional wisdom has long held that the public will… Read more »
By Hanns Kuttner; National Review Online
Freshman Rep. Mick Mulvaney (R., S.C.) made a good point in the House debate on H.R. 2, the Repeal the Job-Killing Health Care Law Act. Responding to Rep. Nydia Velazquez, last year’s chair of the House Small Business Committee, Mulvaney pointed out the tough spot in which congressional Democrats find themselves. They have contradictory… Read more »
“…78 percent of small businesses believe that taxation, regulation and legislation from Washington make it harder for businesses to hire more employees — and 74 percent blame the recent health care reforms passed by the Obama administration for creating an impediment to job creation.”
… Read more »
“…78 percent of small businesses believe that taxation, regulation and legislation from Washington make it harder for businesses to hire more employees — and 74 percent blame the recent health care reforms passed by the Obama administration for creating an impediment to job creation.”
… Read more »
By Jeffrey Leonard; Washington Monthly
History shows that small businesses are a key component of national recovery in economic downtimes. But in today’s sputtering job market, these traditional engines of growth and employment are limping along at best. Many small firms are handicapped by a new twist on an old parasitic business practice that large corporations are using in the wake… Read more »
By Pete Kasperowicz; The Hill
Republicans signaled Wednesday that repealing a controversial tax provision in the healthcare law is one of their most pressing priorities.
House Republicans have re-numbered the bill repealing the tax requirement as H.R. 4, signaling it will be one of their first pieces of business.
The bill would repeal language requiring companies, starting in 2012,… Read more »
By Joseph Weber; Washington Times
The head of the U.S. Chamber of Commerce Tuesday praised what he called a "new tone" in the Obama administration's dealings with the business community but warned that rising energy prices, the new health care law and a "regulatory tsunami" continue to hurt businesses and slow the drive to create more jobs.
"We begin 2011 in a lot better shape than we… Read more »
By Rex Nutting; Wall Street Journal
It's no wonder the recovery has been so anemic: The U.S. economy has been trying to run on one leg.
Large businesses—the good leg—have been growing robustly for at least a year. Production is rising, sales are higher and profits are through the roof. But the recovery missed the second leg—small businesses, which account for about half of U.S. output… Read more »
By Jim Landers; Dallas Morning News
The health care law includes a provision that requires even the smallest businesses to send a 1099 form to the IRS whenever they buy more than $600 a year in goods or services from a single company or individual.
Andy Ellard, who runs Manda Machine Co., a 20-employee manufacturing shop in Dallas, estimates the provision will take 160 hours of his… Read more »
