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Article: Small Business Burdened. (Economics and Business).(Review)(Brief Article)
- Article from:
- The American Enterprise
- Article date:
- March 1, 2002
- Author:
CopyrightCOPYRIGHT 2002 The American Enterprise, a national magazine of politics, business and culture (TEAmag.com). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Mark Crain and Thomas Hopkins, Impact of Regulatory Costs on Small Firms. U.S. Small Business Administration, 409 Third Street S.W., Washington, D.C. 20416
The burden of government regulations on business is heaviest of all, economists Mark Crain and Thomas Hopkins show, on smaller enterprises.
In 2000, they calculate, it cost U.S. businesses $843 billion to comply with government regulations. They divided these regulations into four types: environmental, economic (i.e., restrictions on what businesses can sell and buy), workplace, and tax regulations.
Overall, Crain and Hopkins estimate, businesses in 2000 paid ...
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Transcript: REGULATION AND SMALL BUSINESSES COMPETITIVE:MR. JAMES GATTUSO
Congressional Testimony;
May 20, 2004 ;
700+ words
... ... estimate, however, is likely a vast understatement. According to a comprehensive study conducted by economist Mark Crain and Thomas Hopkins for the Small Business Administration, regulations cost Americans $843 billion in 2000, or over $8,000 ...
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