Quote by John Sununu
Politicians also have a love affair with the 'small business exemption.' Too much paperwork? Too heavy a burden? Not enough time? Just exempt small businesses from the rule. It sounds so pro-growth. Instead it's an admission that the costs of a regulation just can't be justified.
Summary
This quote highlights the tendency of politicians to favor the "small business exemption," whereby small businesses are excused from certain regulations due to perceived difficulties. While this may appear supportive of small businesses and economic growth, it actually acknowledges that the costs of regulations outweigh their benefits. It suggests that such exemptions are not based on thoughtful analysis but instead on a recognition that the regulations are unjustifiably burdensome.
Topics
Business
By John Sununu
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