After suffering through four years of regulatory onslaught by the Biden administration totaling nearly $1.8 trillion in new costs and requiring an additional 360 million hours to comply with these new regulations, small businesses are desperate for regulatory relief. A report published last December by the U.S. Chamber of Commerce found that over half of small business owners view the cost of complying with regulations as a barrier to growth. Small businesses are forced to navigate complex environmental reporting requirements, overtime and wage rules that change from one administration to the next, and lengthy permitting processes that can delay construction projects for months or even years. (00:40–00:52)
CLAIM
Asserts that a U.S. Chamber of Commerce report indicates over half of small business owners see regulation compliance costs as a growth barrier.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
