2017-06-06 14:19:23 UTC
Volume of regulations hurting small businesses, says SBA Admin. McMahon
Published June 05, 2017 Small Business FOXBusiness
Linda McMahon on the state of small business in the U.S.
Small Business Administrator Linda McMahon on the state of small
businesses in the U.S.
Linda McMahon, administrator of the U.S. Small Business Administration,
said Monday that the amount of government regulations is hurting small
businesses in America.
“It is not necessarily any particular regulation as much as it is the
volume of regulations,” McMahon told Melissa Francis on “After the
Bell.” “And the cost of compliance and the time for
compliance—everything is just way too complex than what it needs to be.”
Health care was back in focus at the White House as well Monday, where
McMahon, Vice President Mike Pence and Health and Human Services
Secretary Tom Price met with female small business owners and discussed
issues their companies were facing.
“A lot of them had the same things to say—premiums were too high, the
cost of deductibles was too high [and] how health care actually had
impacted negatively their business,” said McMahon. “A lot of it was so
heartfelt because they always provided, believe it or not, full medical
coverage for their employees … and it broke their hearts that they had
to look at these people now and say they just couldn’t do it.”
The site has a 3 minute video of interview.