Republicans plan massive tax code overhaul

[LeafByNiggle]

Regulations and fees are basically like a tax because they are added costs to businesses, which just pass the costs on to customers. Liberal Democrats love to say that businesses need to pay their “fair share” really without ever specifying what that is (although some at occupy said 35%, which would be a tax cut for many investors).

Most regulations on business are not fees and do not bring in any revenue to the government. But you are still not being specific about which regulations you think are so bad. Do you have an example you could share?

 

[ProVobis]

Regulations and fees are basically like a tax because they are added costs to businesses, which just pass the costs on to customers. Liberal Democrats love to say that businesses need to pay their “fair share” really without ever specifying what that is (although some at occupy said 35%, which would be a tax cut for many investors).

If you’re talking about Sarbanes-Oxley, I will have to agree with you. But that was a bipartisan plan put in place in 2002 designed to prevent fraudulent accounting. It was costly in that no one could figure it out, although consulting companies pretending to know what it was made a killing.