Top 10 Olympic Events That Remind Us of the Obama Economy #4
#4: Hurdles
Regulatory hurdles stop entrepreneurs in their tracks |
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If you’re wondering why entrepreneurship has been declining, consider this:
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The Obama Administration issued a record number of pages of rules last year.
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The World Bank ranks the United States 49th out of 189 countries on the ease of starting a business, while Canada is #3.
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Burdensome requirements like overtime rules and Obamacare’s employer mandate make employers think twice about hiring or growing a business.
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Regulations cost an estimated $1.9 trillion per year, or over $15,200 for each American household.
