Dear Friends,
Americans should not have to settle for a sluggish economy that is merely treading water with stagnant wages and scarce jobs. This week's House agenda included passing a collection of bills that work together to reduce red tape, encourage innovation, support investment and promote growth.
The Jobs for America Act includes the Regulatory Flexibility Improvements Act, a priority of the Committee since 2011. This legislation untangles small businesses from the red tape that is keeping them from growing and creating jobs. Did you know that small businesses spend, on average, $11,724 per employee to comply with federal mandates? This legislation eases that burden and allows small business to help shape the very rules that they must observe -- a win-win for everyone.
Small businesses say regulation is one of their top concerns. Let's give our nation's job creators a life line rather than burying them in red tape. This step -- along with a reduced tax burden and access to capital -- will jumpstart the economic growth and job creation we so sorely need.
Sincerely,
Sam Graves
Chairman