On the one hand, I think this is a good idea:
“Small businesses are the engines of our economy, but government red tape is currently preventing these businesses from creating even more jobs,” said Thune.
Thune’s legislation would remove the SEC provision that currently prevents small businesses from attracting capital from accredited investors nationwide.
On the other hand, does this not simply increase the complexity of the system overall? The only way, that I can see, that we will be able to reduce the size, scope, and yes–power–of the federal government is to reduce the amount of complexity in law and regulation.
A flat tax is a perfect example of this. No exemptions, no exceptions = need for very few government bureaucrats to maintain the system.
I do not know if it is feasible, but it would be nice to require our Congress (and the Executive Branch, by extension) to sunset 2 pages of law or regulation for every new page which is put into place.