- Sep 19, 2011
- 28,466
- 10,043
- 900
“If there’s a new regulation, they have to knock out two. But it goes far beyond that, we’re cutting regulations massively for small business and for large business,” Trump said during the signing of the order, while surrounded by small-business leaders. He stressed that the new measure is meant to ease the opening and expansion of small businesses, and said that America’s small businesses “have been treated very badly” and that it was “virtually impossible to expand your existing business because of regulations.”
Trump’s 'Two-for-One' Regulation Executive Order
The following are just a FEW of the rules and regulations that have the
Cost of Federal Regulation Reached $1.88 Trillion in 2014
Report: Cost of Federal Regulation Reached $1.88 Trillion in 2014
Regulations hit small businesses the hardest, averaging $11,724 per employee for firms that employ fewer than 50 people in 2012.
Think about it! $1.88 trillion just to comply!
IRS and income taxes
That’s according to a survey of small business owners conducted last year by the National Small Business Association. Nearly 60 percent said administrative burdens were the biggest challenge to their business posed by federal taxes.
It’s not just income taxes; payroll taxes are a hassle as well. That’s why most businesses with more than five employees use an external payroll company, NSBA found.
One-third of small businesses report they spend over 80 hours per year on federal taxes, and nearly half pay at least $5,000 a year to accountants or other tax practitioners
Obamacare rules..
“Employers need to devote significant time and energy to maintain compliance with the law,” said Julie Stich, director of research at the International Foundation of Employee Benefit Plans. “The extensive amounts of data that employers are required to collect can take hours and even require complex IT infrastructures. The process has meant a cost increase for many, especially smaller organizations.”
For example, businesses with 50 or more employees must file 1095-C forms with the Internal Revenue Services for every worker, showing that they have health insurance coverage meeting the ACA’s minimum essential coverage requirements.
GUESS WHAT??? small businesses have a problem hiring more people because now they have more
rules and regulations.
Water closets"
Including this stupid one:
Sanitation. - 1910.141 | Occupational Safety and Health Administration
For example are you aware that PER OSHA "water closet" means a toilet facility maintained within a toilet room for the purpose of both defecation and urination and which is flushed with water.
Minimum number of Number of employees water closets
1 to 15.................................................... 1
16 to 35................................................... 2
36 to 55................................................... 3
56 to 80................................................... 4
81 to 110................................................. 5
111 to 150................................................6
Over 150 ..................................................1 for every 40 employees.
So based on the above small businesses alone would think twice about hiring more people.
3. Overtime rules
Millions more employees are about to become eligible for overtime pay under a final regulation that will be issued soon by the U.S. Department of Labor. That’s because the proposed rule nearly doubles the salary threshold where overtime pay is required. Workers who make up to $55,440 a year would be eligible for overtime pay under the proposed rule.
Reporting pay data by gender and race
As a tool for combating wage discrimination, the Equal Employment Opportunity Commission wants to require employers with 100 or more workers to report how much they pay workers, broken down by sex and ethnicity.
The form for doing so looks daunting: It includes 12 rows for different pay levels in 10 broad job categories, ranging from executives to service workers. For each of these rows, there are 15 columns identifying employees by gender and ethnicity — not just white, black or Latino, but also Native Hawaiian or Pacific Islander, Asian, Native American or Alaska Native, or “Two or More Races.
EPA’s expansion of Clean Water Act jurisdiction
Property owners such as small businesses will have less flexibility on using their land under the Environmental Protection Agency’s Clean Water Rule, which extends federal jurisdiction to bodies of water that can flow into rivers and lakes.
Opponents of the rule, who are fighting it in court, contend the regulation is so broad that it covers ditches, ponds and streams that only flow when it rains. They contend the rule makes it more difficult for property owners to develop their land and interferes with local land use decisions.
Under the rule, property owners would have “to spend tens of thousands of dollars to obtain federal permits before doing things as simple as landscaping or dredging soil if the land (or land near it) collects water for any significant period of time throughout the year,” the National Federation of Independent Business states.
http://www.bizjournals.com/bizjourn...ions-that-give-small-business-owners-the.html
Trump’s 'Two-for-One' Regulation Executive Order
The following are just a FEW of the rules and regulations that have the
Cost of Federal Regulation Reached $1.88 Trillion in 2014
Report: Cost of Federal Regulation Reached $1.88 Trillion in 2014
Regulations hit small businesses the hardest, averaging $11,724 per employee for firms that employ fewer than 50 people in 2012.
Think about it! $1.88 trillion just to comply!
IRS and income taxes
That’s according to a survey of small business owners conducted last year by the National Small Business Association. Nearly 60 percent said administrative burdens were the biggest challenge to their business posed by federal taxes.
It’s not just income taxes; payroll taxes are a hassle as well. That’s why most businesses with more than five employees use an external payroll company, NSBA found.
One-third of small businesses report they spend over 80 hours per year on federal taxes, and nearly half pay at least $5,000 a year to accountants or other tax practitioners
Obamacare rules..
“Employers need to devote significant time and energy to maintain compliance with the law,” said Julie Stich, director of research at the International Foundation of Employee Benefit Plans. “The extensive amounts of data that employers are required to collect can take hours and even require complex IT infrastructures. The process has meant a cost increase for many, especially smaller organizations.”
For example, businesses with 50 or more employees must file 1095-C forms with the Internal Revenue Services for every worker, showing that they have health insurance coverage meeting the ACA’s minimum essential coverage requirements.
GUESS WHAT??? small businesses have a problem hiring more people because now they have more
rules and regulations.
Water closets"
Including this stupid one:
Sanitation. - 1910.141 | Occupational Safety and Health Administration
For example are you aware that PER OSHA "water closet" means a toilet facility maintained within a toilet room for the purpose of both defecation and urination and which is flushed with water.
Minimum number of Number of employees water closets
1 to 15.................................................... 1
16 to 35................................................... 2
36 to 55................................................... 3
56 to 80................................................... 4
81 to 110................................................. 5
111 to 150................................................6
Over 150 ..................................................1 for every 40 employees.
So based on the above small businesses alone would think twice about hiring more people.
3. Overtime rules
Millions more employees are about to become eligible for overtime pay under a final regulation that will be issued soon by the U.S. Department of Labor. That’s because the proposed rule nearly doubles the salary threshold where overtime pay is required. Workers who make up to $55,440 a year would be eligible for overtime pay under the proposed rule.
Reporting pay data by gender and race
As a tool for combating wage discrimination, the Equal Employment Opportunity Commission wants to require employers with 100 or more workers to report how much they pay workers, broken down by sex and ethnicity.
The form for doing so looks daunting: It includes 12 rows for different pay levels in 10 broad job categories, ranging from executives to service workers. For each of these rows, there are 15 columns identifying employees by gender and ethnicity — not just white, black or Latino, but also Native Hawaiian or Pacific Islander, Asian, Native American or Alaska Native, or “Two or More Races.
EPA’s expansion of Clean Water Act jurisdiction
Property owners such as small businesses will have less flexibility on using their land under the Environmental Protection Agency’s Clean Water Rule, which extends federal jurisdiction to bodies of water that can flow into rivers and lakes.
Opponents of the rule, who are fighting it in court, contend the regulation is so broad that it covers ditches, ponds and streams that only flow when it rains. They contend the rule makes it more difficult for property owners to develop their land and interferes with local land use decisions.
Under the rule, property owners would have “to spend tens of thousands of dollars to obtain federal permits before doing things as simple as landscaping or dredging soil if the land (or land near it) collects water for any significant period of time throughout the year,” the National Federation of Independent Business states.
http://www.bizjournals.com/bizjourn...ions-that-give-small-business-owners-the.html
