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Politicians also have a love affair with the 'small business exemption.' Too much paperwork? Too heavy a burden? Not enough time? Just exempt small businesses from the rule. It sounds so pro-growth. Instead it's an admission that the costs of a regulation just can't be justified.

And, in the past, it has been all too easy for legislators to load costs onto business in order to meet broader social goals. And costs for business means costs for consumers.

The federal government spends nearly half a trillion dollars on contracted goods and services; therefore, we must ensure that the money is being spent efficiently, and small businesses have proven that they can do quality work cheaper and often faster.

The best thing we can do to help small-business owners succeed is cut spending.

What I would say is governments need assistance to run their organisations more efficiently just like businesses do.

One way we gave small businesses more money to invest was by extending tax provisions on expensing. This allows businesses to immediately write off things like equipment, without being burdened by depreciation requirements.

Don't make government work like a business... it's inherently inefficient.

Part of any solution to get our economy going should include steps to free up our small businesses by peeling back unnecessarily burdensome regulations, ending the continual threats of tax hikes, and addressing the cloud of federal debt that hangs over our economy.

The expenses of complying with Washington's torrent of mandates and regulatory overreach are costing American workers jobs and income growth.