Stop Treating Small Business Owners Like Criminals

Washington has a habit of giving bad ideas reassuring names. The Inflation Reduction Act was a $2 trillion tax-and-spend law sold as a measure to curb inflation. The Affordable Care Act increased government regulation in health care and reduced competition, ultimately driving up costs. The Patriot Act vastly expanded the federal government’s surveillance powers under the banner of protecting Americans. The Corporate Transparency Act is another misleadingly named law, imposing a sweeping federal reporting regime on millions of small businesses in the name of fighting financial crime. Read Full Article »