Carve Out to Help Provide Capital for Small Businesses

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.

 

4 thoughts on “Carve Out to Help Provide Capital for Small Businesses

  1. The Fed. Gov’t is like a horribly unstable sky-scraper. We can either bring it down with a controlled demolition, or we can hope that when it collapses it won’t fall on us.

    Putting flowers in the windows and pretending that we can still keep it standing – the GOP and Democrat Party positions respectively – are just different forms of the same insanity.

    1. Agreed. Now is the time for all good men and women to come to the aid of their country–and implement radical changes to the way we do government.

      Otherwise, I’m not at all certain that South Dakota is far enough from DC to not get hit when the tower falls.

  2. I spent a bit of time on the phone with Thune’s office yesterday regarding the transportation bill that will ‘gravely’ affect our business. People need to get their noses into this bill (MAP-21) as it is the transportation equivalent of obamacare. New bureaucracies and a 10x increase in yearly spending is not what Thune campaigned on even though he had no one running against him; and thus far he is supporting this monstrosity that is hailed as reform by B. Boxer.

    1. Linda,

      Thanks for the heads up. I’ll need to look into this. Sorry to hear the Thune is backing bigger gov’t, but that seems to be a pattern these days.

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