We need to make job creation easier and cheaper. Recently, President Obama talked about the harmful effect of government over regulation. Highlighting this problem is long overdue. The Small Business Administration estimates that government regulations cost our economy $1.7 trillion annually. According to the IRS's own figures, it cost taxpayers 6.1 billion hours to comply with the tax code just last year. This is a staggering amount of money. (02:01–02:09)
CLAIM
Asserts that government regulations have a significant economic cost.
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