Video archive of the US Congress

House Proceeding on May 20th, 2009 :: 1:52:30 to 1:54:45
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Virginia Foxx

1:52:26 to 1:52:47( Edit History Discussion )

Virginia Foxx: ability to earn money because i'd like to reserve the balance of my time. gentleman reserves the balance of his time. the gentlelady from north carolina. ms. foxx: thank you, mr. speaker. i want to just mention one more issue that comes to me all the time. and i know it has to be coming to other members of congress as they talk to small business owners and even large business owners.

Virginia Foxx

1:52:30 to 1:54:45( Edit History Discussion )
Speech By: Virginia Foxx

Virginia Foxx

1:52:48 to 1:53:09( Edit History Discussion )

Virginia Foxx: that has to do with the issue of regulations. there's a study entit commandments, an annual snapshot of the federal regulatory state, which is issued by the competitive enterprise institute. just a few statistics about it because again we could be dealing with some issues that would reduce the role of regulations in the lives of

Virginia Foxx

1:53:10 to 1:53:30( Edit History Discussion )

Virginia Foxx: small business owners. i want to bring that up because this is a third point that i think that hurts our small businesses tremendously. given that in 2007 government spending sto at 2.73 trillion, the hidden tax of regulation now approaches half the level of

Virginia Foxx

1:53:31 to 1:53:52( Edit History Discussion )

Virginia Foxx: federal spending itself. regulatory costs rival estimated 2007 individual income taxes of $1.17 trillion. of the 3,882 regulations now in the works, 757 affect small businesses.

Virginia Foxx

1:53:53 to 1:54:14( Edit History Discussion )

Virginia Foxx: regulatory cost of $1.16 trillion absorb 8.5% of u.s. gross domestic product. regulations dwarf the $150 billion economic stimulus package passed in 2008 and rolling back these would constitute a die regulatory stimulus. -- deregulatory stimulus. i would like to urge my

Virginia Foxx

1:54:15 to 1:54:35( Edit History Discussion )

Virginia Foxx: colleagues othe other side to let us look at this issue of regulatory cost and look at ways that we can do this. i have introduced a bill that would require more transparency in the cost of regulations, both to government and to the private sector. and if we really want to help

Virginia Foxx

1:54:36 to 1:54:45( Edit History Discussion )

Virginia Foxx: small businesses, then i think that that's something that we should be doing. it's house bill 2255, unfunded

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