In this clip, successful investor Kevin O’Leary from ABC’s hit show “Shark Tank” eloquently and persuasively destroys many of the myths of the “1 percent” and describes in personal detail how many of the small businesses he works with have to spend nearly $20,000 to $30,000 a year complying with federal regulations.
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O’Leary is spot on, confirming Heritage research finding that “during President Obama’s first four years in office, the annual regulatory burdens on Americans increased by nearly $70 billion.”
O’Leary challenges President Obama to hear for himself the adverse impact of federal regulations on America’s small businesses. These are the hard-working men and women, O’Leary says, who will create jobs.