"This is a strong and necessary partnership because manufacturers and small businesses face a disproportionate burden of all regulatory costs," said NAM President and CEO Jay Timmons.
"While manufacturers recognize the need for regulation, the scope and complexity of rules have made it harder to do business and compete in recent years."
"Poll after poll indicates most Americans feel Washington is doing too much, too fast on regulations," said NFIB President and CEO Dan Danner. "Time and time again, we hear from our members about the complex regulatory climate and how, with a little more transparency and openness, the regulations would be more effective and work more efficiently for everyone."
In 2013 alone, business owners and manufacturers spent more than 67 million hours filling out regulatory paperwork at a total cost of about $112 billion, NAM and the NFIB claim.