The regulatory burden on small businesses is $15,003 per employee per year, and it’s imperative to immediately reduce the burden as our economy recovers from Coronavirus. To quickly restore lost jobs and grow the American economy, Congress and the President must make cutting red tape and simplifying Federal regulations a top priority. In order to enable small, medium, and large businesses to rapidly recover and reduce unemployment, Phase 4 should include the following:
- Congress should give President Trump the authority to immediately waive costly Federal regulatory requirements on American businesses in order to remove barriers to innovation, cut red tape, and speed the economic recovery from the coronavirus epidemic.
- Federal Agencies must first make every attempt to simplify Federal Regulations when they are reinstated, as well as conduct notice and comment, and Congress must approve reinstatement of any suspended regulations.
- President Trump should issue an Executive Order to suspend penalties for regulatory violations where the person has made a good faith effort to comply.
- The Federal Government should simplify the permitting process for infrastructure projects, removing some environmental review requirements that can take years to complete, and allowing new infrastructure projects to pay competitive, market-set wages so that they can employ the maximum number of people.
“We’ve had three spending bills in response to Coronavirus, but to restart our economy Phase 4 is going to take large-scale deregulation,” said Club for Growth President David McIntosh. “Americans across party lines strongly support bold regulatory reforms, and we urge President Trump and Congress to listen to Americans and get out of the way of business to best reignite the economy.”
Read the Club for Growth Memo to learn more.
Club for Growth Coronavirus Regulatory Reform Polling
- 66% Support and 34% Oppose Congress giving President Trump the authority to waive costly regulatory requirements on American businesses in order to speed the economic recovery from the coronavirus epidemic. This has the support of 91% of Republicans, 62% of Independents, and 45% of Democrats.
- 74% Support and 26% Oppose the federal government simplifying the permitting process for infrastructure projects, removing some environmental review requirements that can take years to complete, and allowing new infrastructure projects to pay competitive, market-set wages so that they can employ the maximum number of people. This has the support of majorities of every party; 90% Republicans, 69% of Independents, and 64% of Democrats.
Polling Methodology – WPAi conducted a online poll of n = 1,000 likely voters in nationwide. Interviews were conducted based on a sample selected from an online panel which has been matched to the voter file to ensure all responses are from actual votes. A random sample of this size has a margin of error of +3.1%.