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Obama administration plans to cut hundreds of regulations for small businesses

Tuesday, August 23, 2011 | 8:36 a.m. CDT; updated 10:59 a.m. CDT, Tuesday, August 23, 2011

VINEYARD HAVEN, Mass. — The White House is announcing plans Tuesday to end or cut back hundreds of government regulations, an effort the Obama administration said will save businesses $10 billion over five years.

The administration said many of the regulatory reforms focus on small businesses. Those include accelerating payments to as many as 60,000 small businesses that have contracts with the Department of Defense, and requiring the Small Business Administration to adopt a single electronic application in order to reduce paperwork burdens.

Cass Sunstein, head of the White House Office of Information and Regulatory Affairs, wrote in an editorial in the Wall Street Journal that the reforms will "reduce costs, simplify the system, and eliminate redundancy and inconsistency."

After his party's sweeping defeats in the 2010 elections, President Barack Obama launched a concerted outreach to the business community, vowing to scrutinize federal regulations that companies consider to be an excessive burden. Obama said at the time his goal was to scrap "dumb" rules without weakening ones that are needed to protect consumers and the environment.

Regulations used by the Federal Aviation Administration to ensure safe air travel and by the Department of Agriculture and the Food and Drug Administration to protect food safety were not impacted by the plans announced Tuesday, Sunstein said in his editorial.


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Comments

Ed Lane August 23, 2011 | 9:00 a.m.

How about we get rid of this dumb potus!!!!!!!!!!!!! Worthless when it comes to "hope and change"!!!!!!

(Report Comment)
matt arnall August 23, 2011 | 9:18 a.m.

End senseless regulations......what a jerk!
Make wealthy pay a little more tax.... he's a traitor!
Extend a tax break for the middle class.....impeach him!
Any move he makes.....what a jackass!

He hasn't impressed me either, but he isn't as bad as many make him out to be. Regardless of what he does, people want to burn him at the stake, and that is just dumb.

(Report Comment)

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