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Bowling
Green Sentinel-Tribune
Latta talks taxes, health care
and
regulations with small-business owners
By Alex Aspacher
Friday, 9 August 2013
PERRYSBURG
- The usual suspects of
health care, taxes and government regulation were rolled into in a
speech by
U.S. Rep. Bob Latta (R-Bowling Green) at a meeting of small-business
representatives Thursday morning.
Speaking
to about 20 members of
Ohio's chapter of the National Federation of Independent Business at
the
Holiday Inn French Quarter, Latta said excessive federal regulations
when
applied to small businesses is like putting a round peg in a square
hole.
He
shared the story of a company
that hired an additional employee to serve as a compliance officer,
prompting
other workers to pick up the slack created by paying for an additional
position
that doesn't boost productivity.
"The
other 10 employees are
going to have to work 10 to 15 percent harder just to make up for the
regulations that were imposed on that company that had to get a
compliance
officer," Latta said. "That's what we're seeing across the
country."
Latta
said regulations which come
at a cost of about $1.8 trillion often don't require a cost analysis of
holding
companies to those standards, something the U.S. House of
Representatives has
attempted to reverse by passing the Regulations from the Executive in
Need of
Scrutiny Act on Aug. 2.
Cosponsored
by Latta, the bill
would require a joint resolution from both chambers within 70
legislative days
to approve regulations shown to have an annual economic effect of $100
million
or more. Critics say it will bog down sensible regulation in Congress.
Latta
also told tales about
businesses he's visited that are prepared to expand, but have not done
so
because they fear crossing the 50-employee threshold for the employer
mandate
of the Patient Protection and Affordable Care Act. Recently delayed one
year,
the mandate will require companies with 50 or more employees to provide
them
with a certain amount of health-care coverage or face penalties…
Read
the rest of the article at the
Bowling Green Sentinel-Tribune
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