Uncle Sam may be the biggest spook to business this Halloween. A new Gallup poll of small business owners shows that “complying with government regulations” is their #1 problem right now.
As I explain at The Daily Caller, Obamacare and the Dodd-Frank Act are two of the biggest perpetrators. With thousands of regulations yet to be written, risk-taking entrepreneurs just don’t see the incentive to take risks. That means fewer business ventures, less economic growth, and a dearth of jobs.
As bad as things are now, Obamacare and Dodd-Frank threaten to make them worse as their soon-to-be-written regulations send regulatory costs soaring even further. And worse yet, the president has made no indication of backing off this regulatory rampage. This Halloween, the government may be the scariest trick-or-treater of all.
Read the whole article here.