Red tape, or burdensome government regulation, is increasingly recognized as a pressing threat to business growth, with executives voicing concerns more than ever. A Deloitte survey revealed that North American CFOs rank regulation as the second greatest threat, following recession. Small business owners echoed this in a survey by the National Federation of Independent Business, identifying "unreasonable government regulations" as a significant challenge after healthcare costs. The topic is a focal point in the presidential campaign, with candidates Clinton proposing streamlined processes and Trump advocating for regulation rollbacks.
Concern about regulation is soaring among executives, with Deloitte reporting that new, burdensome regulation is the No. 2 threat to businesses, trailing only recession.
In a recent survey by the National Federation of Independent Business, small companies stated that unreasonable government regulations are their second-biggest threat after health care costs.
CEOs surveyed by the Business Roundtable mentioned regulation as the top cost pressure for their companies, marking a significant concern for business growth.
Hillary Clinton and Donald Trump have both used red tape as a key topic in their presidential campaigns, each presenting different approaches to address the issue.
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