How many times have we heard this rhetoric from big businesses opposing new regulations while pretending that they are concerned about small businesses? Yet polls of small business owners find that most understand the need for regulations.
I outlined the results of one of these recent polls in an opinion editorial in The Hill. The poll was conducted by Lake Research for three national business organizations, one of which is the American Sustainable Business Council (I serve as the Co-Chair of the Action Fund for the ASBC). A summary of this poll is below.
A new report released today by Public Citizen reviews 8 major regulations that have been implemented since the 1970’s. Industry representatives directly impacted by these regulations predicted that if these regulations were put into effect, up to 55 million American jobs would be lost
Did we actually lose up to 55 million jobs due to these 8 regulations? Of course not. It is a frightening prediction. But the 55 million predicted lost jobs is actually nearly 5 times greater than the current number of unemployed in this country, 11.3 million.
Yet the “job-killing regulations” fear mongering goes on today even though history has shown us that we should take these scare tactics with a mountain of salt.
Small business owners express strong support for specific rules and standards:
• 84 percent support food safety standards
• 80 percent support product safety standards
• 80 percent support disclosure and regulation of toxic materials
• 79 percent support ensuring clean air and water
• 78 percent support rules to prevent health insurance companies from increasing rates excessively
• 67 percent support rules to curtail financial speculation by Wall Street and banks.
• 61 percent support moving the country towards energy efficiency and clean energy.