An Open Letter To The President
The Dynamic Wealth Report
February 1, 2010
by Brian T Mikes, Editor
Dear President Obama,
Last week I listened to your State of the Union Address. You are a great
speaker and I enjoyed your oratory. You said something that resonated
with me. You moved job creation to the top of your list. Driving down
unemployment is a very important goal.
You set out a number of programs to create more jobs.
Honestly, most of them are a waste and will have little impact on the
economy. I know you are supposed to be the agent of change we need in
the country… However, in some areas I think you are the one who needs to
change.
Your heart is in the right place. But now’s the time to look at our
problems from another point of view. Take the view of a small business
owner for example…
Selfishly I offer up my view of the situation.
Why do I offer this vantage point? Simply because as a small business
owner I see the day to day impact of your decisions. The actions of the
White House and Congress impact me every day. Simple things like
increased regulation, taxes, and your healthcare reform are all creating
a heavy burden small businesses cannot bear.
Small business is the engine of our great economy… don’t limit our
ability to grow.
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If you want small business across America to create more jobs and pay
better wages, there’s a simple solution… eliminate the burdens of having
a new employee. Think about it. If you can make it easy to hire someone
new, I’m more likely to do it!
Right now, every new employee brings not only risk but huge amounts of
paperwork and added cost.
As a business owner, I take a risk every time I extend a job offer to a
potential employee. Government doesn’t help eliminate this risk… You, Mr.
President, make it worse.
If you want businesses to employ more people, get rid of the extensive
OVER REGULATION. Just saunter into the break room of my business (or any
other) and you’ll see firsthand what I’m talking about. Government
mandated postings issued by no fewer than 16 different government
agencies…
The burden these government agencies place on all businesses is becoming
unmanageable.
And that’s just an example of the postings. The government paperwork
requirements are amazing. Did you know I face a fine of $10,000 for
filling just one specific government form out incorrectly? And it’s a
form I need to fill out every time I employ a new person.
Tell me, do you think fines like these make me want to employ more
people?
Why don’t you sit with me for 20 minutes and explain all the different
rules and regulations impacting my business. There are hundreds of
complicated issues. ERISA rules, fair labor laws, Department of
Labor
regulations, COBRA, the Family and Medical Leave Act, I-9 forms,
E-verify… the list goes on and on and on.
When I could be out generating revenue for my business, I’m stuck behind
a desk doing bureaucratic paperwork.
But don’t just take my word for it. Just look at recent reports by the
Small Business Administration. They estimate the cost per employee of
federal regulation is an astounding $7,647.
I’m sure my employees would rather have the $7 grand in their paycheck.
What makes it worse, there are no resources to help. The rules are so
complex, and the legislation so enormous, the response from government
agencies is frequently “consult your attorney”. Great, another huge
expense. I could employ another person for what I pay in legal advice
every year!
As an owner, it gets even better. And I mean that sarcastically.
For certain activities, I’m personally liable. My future and my family’s
well-being is in jeopardy every day because of government rules and
regulations. If I fill out a form wrong, I face fines. If there’s a
problem in my retirement program… I could lose my house and my life
savings.
Are you kidding me?
Why would I want to employ more people with that hanging over my head?
Mr. President, if you want to see employment numbers increase, don’t do
something complex. Don’t enact more rules and regulations. All you need
to do is remove the roadblocks to bringing on new employees.
I have no plans to ever enter politics. However, I know governing is
about making tough decisions. This isn’t a tough decision. There is no
tradeoff to make, no sacrifice on anyone’s part. I’m not asking for a
handout. If you are truly the President of “Change”, change the current
environment… make life simpler, not more complex.
Then you’ll see the engine of America shift into high gear.
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