President Biden ought to put down his pen
Washington Round-up By Adrian Smith
Wednesday, February 23, 2022
According to the National Association of Manufacturers, the average U.S. firm spends the equivalent of 21 percent of its payroll every year just to comply with government regulations. For context, the average manufacturing worker in the United States makes nearly $65,000 per year according to the U.S. Census Bureau and pays an estimated 15.2 percent of their income back out in federal, state, and local taxes. If Congress attempted to double taxes on working families, it would be front page news. Yet, every year regulations silently reduce employer payrolls by even more, and nothing is said about the cost to workers and small businesses.