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Today I called on President Obama to exercise regulatory restraint in order to protect small businesses and America’s job creators from the growing costs of federal regulations.
As President Obama prepares for his speech on the state of the economy, he should consider the burden his Administration’s regulations have imposed on American businesses. A recent Heritage Foundation study reported that in his first two years in office, President Obama imposed 75 new major rules costing the private sector more than $40 billion. And more than 4,200 new regulations are in the pipeline.