18 April, 2010
This week I came across a newspaper ad (nearly a full page) for federal stimulus loans from the Department of Agriculture.
As a dentist, I have been a small business owner for almost 28 years. I would be happy to provide more jobs if I could do it productively, but the largest problem, as likely any employer can tell you, is keeping up with all the regulations, taxes, and insurances required for employees by government (both state and federal). Long term relief in these areas would make it much easier and more productive to put more employees to work. I assume that in many areas of manufacturing, these things make it impossible to compete with foreign industry, where labor costs and regulations are very much less.
In addition, the uncertainty caused by inflation in NON-labor costs is a major problem for business owners. The unpredictability of costs for things like materials and energy makes it vital to keep larger reserves of cash to cover unusual increases. ( While an obvious solution would be to raise prices to cover the increases, I personally feel I need to try to keep my services as affordable as possible to the patients I serve – anyway, I thought controlling health care costs was a major concern for the federal government these days. )
Reducing or removing the role of government in labor and business is, to me, an obvious way to help get people back to work at productive jobs.
Richard J. Davis, D.D.S.
Libertarian for Congress, First District