Report says regulations hurt state's economy
September 25, 2009 by Wyatt Buchanan
Regulations on small businesses in California have cost the state's economy $492 billion and 3.8 million jobs, according to a report quietly released by Gov. Arnold Schwarzenegger's office this week.
Republicans in the Legislature have pounced on the findings and on Thursday called the report the "smoking gun" that proves lawmakers are killing the state's economy through burdensome government mandates. But Democrats and at least one capital think tank are highly skeptical of the accuracy of the findings.
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