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Small Business Burdened. (Economics and Business).(Review)(Brief Article)

The American Enterprise

| March 01, 2002 | Wooster, Martin Morse | COPYRIGHT 2002 The American Enterprise, a national magazine of politics, business and culture (TEAmag.com). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Mark Crain and Thomas Hopkins, Impact of Regulatory Costs on Small Firms. U.S. Small Business Administration, 409 Third Street S.W., Washington, D.C. 20416

The burden of government regulations on business is heaviest of all, economists Mark Crain and Thomas Hopkins show, on smaller enterprises.

In 2000, they calculate, it cost U.S. businesses $843 billion to comply with government regulations. They divided these regulations into four types: environmental, economic (i.e., restrictions on what businesses can sell and buy), workplace, and tax regulations.

Overall, Crain and Hopkins estimate, businesses in 2000 paid ...

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