[Congressional Record Volume 158, Number 25 (Wednesday, February 15, 2012)]
[House]
[Page H739]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                FORMULA FOR INNOVATION AND JOB CREATION

  (Mrs. BLACKBURN asked and was given permission to address the House 
for 1 minute and to revise and extend her remarks.)
  Mrs. BLACKBURN. Madam Speaker, in the wake of the Obama budget that 
has been filed this week and has been called everything from a nervous 
breakdown on paper, to a disaster, to not a serious budget, we get more 
news this morning.
  According to a Gallup poll that has come out this morning, 85 percent 
of small business owners in this country indicated that they are 
currently not looking for workers. Asked why, 48 percent said it was 
due to concern about possible rising health care costs. Forty-six 
percent said that they were worried about new government regulations 
because last year this administration gave them about 4,000 new 
mandates and gave them about 80,000 pages of new Federal regulations.
  We need to return to the time-tested formula that always works in 
this country: less regulation plus less taxation plus less litigation 
always equals more innovation and more job creation right here in this 
country.
  We know that the total cost of Federal regulation has risen to $1.75 
trillion annually, twice what is collected in Federal income taxes. 
Let's get on the right track.

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