The following article by Meg Kelly was posted on the Washington Post website April 27, 2018:
The president is fond of using data to prove the value of deregulation, but he should double check the numbers before calling them fact. (Meg Kelly/The Washington Post)
“According to a survey by the National Small Business Association, the average small business spends $83,000 to comply with regulations in just their first year of existence.”
— President Trump, remarks at the Latino Coalition Legislative Summit, March 7, 2018
President Trump often highlights the burdens of government regulations on small businesses. He regularly claims (without verification) that he has repealed more regulations than any other president. This survey folds nicely into the president’s talking points, but the reported cost caught our eye. Continue reading “Do small businesses face $83,000 in start-up costs to comply with regulations?”