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In kicking off our letter-writing series to the 45th President of the United States, we’re publishing a collection of primers on some of the most important issues that will face our country’s next chief executive. For additional briefings, check out the #Dear45 Homepage.
One of the most pressing problems facing the country’s business community is overregulation. Across virtually every industry, our nation’s job creators say they are drowning in a never-ending stream of red tape, and they will look to their next president to stem the tide.
Nearly every agency has been guilty of adding to our increasingly onerous regulatory maze, but we want to begin by making sure our next president is aware of some of the most frequent offenders. That conversation starts with the long arm and heavy hand of the Environmental Protection Agency. Our nation’s businesses have been bruised repeatedly by rules concerning everything from power plants to ozone emissions to federally controlled waters.
It’s not only the EPA, though. The Department of Labor has been busy with its red tape dispenser, too, doling out onerous new regulations that are stunting the growth of small businesses across the country. Meanwhile, the National Labor Relations Board isn’t making anything easier, either.
The Consumer Financial Protection Bureau and Securities and Exchange Commission earn spots on the list, as well. Both agencies have made it much harder for businesses and everyday consumer to navigate the financial waters. Both will need the reins pulled back under the next administration.
Clearly, it’s not one or two departments that are strangling businesses with red tape; it’s essentially all of Washington. Collectively, the federal government and its legion of regulators have threatened countless American businesses, slowed our economic growth, and chipped away at the very notion that the United States is the “land of the free.”
Unfortunately, this is merely a sampling of the many costly rules that have come out of Washington in recent years, but we hope it provides a sense of the importance of regulatory reform under our 45th president. Because America’s entrepreneurs want to start new businesses, and our country’s existing companies want to expand, create more jobs and grow the economy. In order to succeed, they need the next president to pump the brakes on this runaway regulatory regime.