Now, the much-awaited Part II of my regulatory reform blog series. Be sure to read my report and part I of the series.
Do businesses think there’s a problem with regulations in North Carolina? From my report:
The regulatory burden on businesses is a significant problem. In a 2005 John Locke Foundation survey of more than 600 North Carolina business leaders, regulatory burden was ranked as the second most important factor reducing the state’s economic competitiveness (the tax burden was ranked No.1). About 81 percent of the business leaders said that the cost of most government regulations exceeded their benefits.
In addition to making sure that the legislature, and not unelected bureaucrats, are making major policy decisions, we need regulatory reform for our economic competitiveness. Instead of giving out incentives for specially-favored businesses, across-the-board regulatory reform that helps everyone would actually improve our economy.
Part III coming tomorrow! For a price, I will provide a sneak peak.
