Business Matters

 
“Government is taking the time to make it as hard as possible to have that small business.” – Larry Sharpe “Small business regulations and taxes can be transformed into a positive influence on entrepreneurship with one word: simplification.” – Larry Sharpe
 

Saving Main Street


 
New York businesses are overtaxed and over-regulated.

1) Fines and regulations related to the current tax code only benefit larger corporations. The regulations and fines that accompany complex tax laws cost what equates to pocket change for multi-billion dollar companies, but are enough to drive main street businesses to extinction. Simplify taxes.

2) Repeal regulations that are not worth the cost to enforce. If it costs more and more money to hold people to a certain standard, there’s a good chance it’s overreach on the part of the state. Such regulations are double trouble for the people of New York state, as they either put businesses under because they can’t afford to meet them or cause significantly higher operating costs in order to meet bureaucratic standards, and these costs are almost always passed on to the consumer. An example of a regulations not worth the cost of enforcing are scaffolding laws, which must be repealed. Simplify regulations.

3) Help insurance by focusing its regulations on industry-driven, local standards. Allowing flexibility in these factors is very important in creating innovation, drives change throughout the industry and ultimately produces a better product. A great example of this is health food stores, which are subject to scrutiny primarily at the discretion of the market and its consumer. The state should not interfere in partnerships between insurance and businesses. Simplify insurance.

 

Limited Interference with Wages and Compensation

 
 

In New York, the government has become the most destructive middle-man of all time. Hiring practices and the relationships between workers and their employers should not be influenced by the state in anyway.

1) The government should not determine employee compensation, to include tips or any other form of payment or benefit. These agreements are best left between the employer and employees, so that each may conduct their business according to their own wishes. This allows the market to reign supreme, and leaves the consumer the option to control the success, or lack thereof, for companies.

2) If small business owners hire felons they won’t have to pay payroll tax for the first two years. Because small business owners tend to hire one on one they are more likely to hire individuals they know. By encouraging growth for this population of individuals, and simultaneously keeping these people from returning to prison, we reduce the overall cost to the taxpayer in two different ways.

3) We must do away with the NY CRIB which allowed New York State to require worker’s comp for both work and nonwork injuries. This requirement can prove highly detrimental to smaller organizations. While it is a benefit that should be considered, in no way should it be mandated by the state.