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The Engine of America is Small Business, But Regulations are Continuing to Burden Growth

The Engine of America is Small Business, But Regulations are Continuing to Burden Growth

Former small business administrator and Latino Coalition Chairman Hector Barreto appeared on Fox Business to speak about how the Obama administration’s regulations continue to hurt small business

Nick Powills

By Nick Powills

1851 Franchise Publisher

May 13, 2016

Hector Barreto, Latino Coalition chairman and former small business administrator, sat down with Fox Business to discuss the overhaul to overtime regulations that are coming and how they will impact small businesses across America. According to Barreto, some of his members are even worried that these new overtime regulations will wipe out profits completely.

He went on to say that this was just another example of the Obama administration burdening the 28 million small businesses in America with more regulations and that he is worried that the trend will continue throughout the end of the administration.

Furthermore, Barreto is concerned that more taxes, more regulations and more health care costs will continue to erode the bottom line of small business.

To watch the video of Barreto on Fox Business, click here.

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Nick Powills

About the Author

Nick Powills

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Nick Powills, CFE, founded No Limit Agency in 2008 and serves as Chief Brand Strategist for the Chicago-based firm. No Limit is a full-service communications agency that establishes and elevates brands by bridging Public Relations, Social Media, Marketing, Advertising, Digital, and a lot of creativity, to best strategize well-rounded and successful campaigns for 50+ global franchise brands. By presenting visionary ideas and building real relationships, No Limit is able to create effective media branding strategies to help companies grow. Nick currently leads a staff of writers, media strategists, designers, social media experts and digital producers in an office think-tank where brands are humanized for strong, compelling media stories. Prior to starting No Limit at the age of 27, Nick spent four years working at a franchise PR agency where he mastered the art of building rapport with media outlets and creating newsworthy pitches for earned media placements. He holds a Bachelor of Journalism from Drake University in Iowa.

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