Latta talks taxes, health care and regulations with small-business owners PDF Print E-mail
Written by ALEX ASPACHER Sentinel Staff Writer   
Friday, 09 August 2013 09:22
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File photo. U.S. Rep. Bob Latta. (Photo: J.D. Pooley/Sentinel-Tribune)
PERRYSBURG - The usual suspects of health care, taxes and government regulation were rolled into in a speech by U.S. Rep. Bob Latta (R-Bowling Green) at a meeting of small-business representatives Thursday morning.
Speaking to about 20 members of Ohio's chapter of the National Federation of Independent Business at the Holiday Inn French Quarter, Latta said excessive federal regulations when applied to small businesses is like putting a round peg in a square hole.
He shared the story of a company that hired an additional employee to serve as a compliance officer, prompting other workers to pick up the slack created by paying for an additional position that doesn't boost productivity.
"The other 10 employees are going to have to work 10 to 15 percent harder just to make up for the regulations that were imposed on that company that had to get a compliance officer," Latta said. "That's what we're seeing across the country."
Latta said regulations which come at a cost of about $1.8 trillion often don't require a cost analysis of holding companies to those standards, something the U.S. House of Representatives has attempted to reverse by passing the Regulations from the Executive in Need of Scrutiny Act on Aug. 2.
Cosponsored by Latta, the bill would require a joint resolution from both chambers within 70 legislative days to approve regulations shown to have an annual economic effect of $100 million or more. Critics say it will bog down sensible regulation in Congress.
Latta also told tales about businesses he's visited that are prepared to expand, but have not done so because they fear crossing the 50-employee threshold for the employer mandate of the Patient Protection and Affordable Care Act. Recently delayed one year, the mandate will require companies with 50 or more employees to provide them with a certain amount of health-care coverage or face penalties.
"Everybody in this room and everybody across the country in small business said this is the most onerous piece of legislation to ever befall small businesses in this country," Latta said, adding that the fight against "Obamacare" will have to be a gradual, a "piece by piece" effort rather than a sweeping repeal.
"We all want to have good health care in this country, but what is in this legislation is not good and it's collapsing."
Latta said domestic energy production is a "bright spot" right now, with the U.S. poised to overtake Saudi Arabia as the top natural gas producer by 2020. He lauded the Keystone XL Pipeline Project as a way to create 20,000 jobs.
After taking several questions, Latta said some business representatives expressed reluctance to speak with representatives about regulators, fearing retaliation. He advised them to contact him with their concerns, also offering to tour members' businesses in the area.
 

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