Manhattan Institute for Policy Research.
search  
 
Subscribe   Subscribe   MI on Facebook Find us on Twitter Find us on Instagram      
 
 
   
 
     
 

The Guardian

 

'Pull Back On Regulations That Strangle Entrepreneurship'

October 11, 2011

By Diana Furchtgott-Roth

Let’s hear it for Governor Rick Perry. With jobs the greatest area of concern to Americans, Governor Rick Perry clearly articulated the barriers to hiring, ranging from Obamacare to energy regulation. He made a compelling case, based on his Texas record.

Most new jobs are created by young companies, and, as Perry pointed out, the healthcare penalty is one of the biggest obstacles facing employment growth. Under the new healthcare law, employers with more than 49 people who do not offer a generous health insurance policy will owe the government $2,000 per worker per year. Since the first 30 workers are exempt from the penalty, beginning in 2014, hiring 50 workers rather than 49 will cost a company $40,000 per year.

Plus, the cost of Medicaid, the health program for the poor, is booming, and states should have the flexibility to adjust their own programs without begging the federal government for waivers.

Further, as Perry said, opening up areas of domestic energy is key to job growth. Not only does energy provide jobs in energy industries, but lower-cost energy from our domestic resources of natural gas, oil and coal will allow further development of manufacturing.

America needs to pull back on regulations that strangle entrepreneurship.

Other candidates also offered serious reforms to America’s current economic situation. Congress should repeal the cumbersome Dodd-Frank financial apparatus. And the tax system needs reform, by lowering rates and getting rid of deductions for businesses and individuals. The Fed should concentrate on keeping the money stable. But Perry seemed to have the best overall perspective.

Original Source: http://www.guardian.co.uk/commentisfree/cifamerica/2011/oct/12/gop-debate-economists-verdict

 

 
PRINTER FRIENDLY
 
LATEST FROM OUR SCHOLARS

Pension Armageddon
Stephen Eide, 06-29-15

Pension Armageddon: Can California Voters Avoid It?
Stephen Eide, 06-29-15

Don't Count On A Leftward Push From Millennials
Kay S. Hymowitz, 06-29-15

King v. Burwell Changes Nothing. Obamacare Is Still Rife With Problems
Paul Howard, 06-29-15

The Message For Politicians In 'Jurassic World's' Shift Against Big Business
Nicole Gelinas, 06-29-15

A Machete Attack Recalls NYC's Bad Old, Pre-Giuliani Days
Myron Magnet, 06-27-15

If Andrew Cuomo Leaves The Subways To Hang, He Proves The Tea Party Right
Nicole Gelinas, 06-22-15

The Pope's Flawed Climate Math
Robert Bryce, 06-22-15

 
 
 

The Manhattan Institute, a 501(c)(3), is a think tank whose mission is to develop and disseminate new ideas
that foster greater economic choice and individual responsibility.

Copyright © 2015 Manhattan Institute for Policy Research, Inc. All rights reserved.

52 Vanderbilt Avenue, New York, N.Y. 10017
phone (212) 599-7000 / fax (212) 599-3494