Tony Wied Decries 'Overtaxing Government', Urges Support To 'Make Main Street America Great Again'

3 hours ago

During a House Small Business Committee hearing prior to the congressional recess, Rep. Tony Wied (R-WI) spoke about the effect of overreach on small businesses.

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Transcript

00:00Mr. Weed for five minutes. Thank you Mr. Chairman for allowing me to speak in

00:06today's hearing and thank you to the witnesses who came here to share their

00:10experiences with us. Northeast Wisconsin is home to a wide variety of small

00:14businesses who have faced economic uncertainty due to an overreaching and

00:18overtaxing federal government. As a former small business owner myself I

00:23know the challenges you must overcome to operate and grow a successful small

00:27business. Under this previous administration small businesses across

00:31the country faced increased regulatory burdens which made starting, running, and

00:35growing a small business more difficult. At the same time the Small Business

00:39Administration enacted policies such as allowing its employees to work from home

00:43that negatively impacted small businesses. It's important that as a

00:48committee we address these broken and burdensome policies and make Main Street

00:53America great again. My first question is for Mr. Ortiz in your opening

00:59statement you spoke about the additional two trillion dollars of regulatory

01:03burdens levied on businesses during the Biden administration. Having fewer

01:08employees and less financial services small businesses bear an increased

01:11burden of these additional regulations. As members of the Small Business

01:15Committee what should our top priority be to reduce these regulations and

01:19provide immediate regulatory relief to small businesses? Thank you very much for

01:25the question Congressman. One of the hardest things during the past four

01:31years under the Biden administration for small businesses was the regulatory

01:34environment that existed about 1.8 billion dollars that was placed on our

01:37businesses across the country. Also inflation when you take those two

01:42together it was a huge burden for small businesses and quite frankly when

01:48you look at it compared to our large corporations it was an extreme danger

01:54really for our small businesses on Main Street and so we have to make sure that

01:58we reduce that regulatory environment. I heard the Congressmen on this side talk

02:04about 21 million small business applications for example filed in our

02:09cursory review of those 21 million small business applications those are actually

02:13gross applications. So for example they're not actually net applications so

02:18for example if I had a business in New York and I'm trying to flee New York to

02:23go to Florida because there's less taxes and less regulatory environment there

02:27that Joe's Pizza Place that moves from from Texas excuse me from New York down

02:32to Florida is considered a new business according to the Biden administration

02:37numbers of those 21 million 21 million applications and so when we look at the

02:42net applications actually small businesses didn't grow in those four

02:46years of the Biden administration they shriveled because of that regulatory

02:50environment and because of high inflation and so we got to make sure

02:53that we address those two and the last I checked the SBA is not a jobs bank it's

02:58an environment it's an agency that needs to serve the American small business

03:02owner and there's 33 million of them that are struggling right now. Thank you.

03:09All right thank you. I yield back.

Tony Wied Decries 'Overtaxing Government', Urges Support To 'Make Main Street America Great Again'

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