are unnecessary and expensive. the rules cover most farms that produce fruits and vegetables to be sold in the u.s. with detailed mandates about how they can be grown, harvested and packed. critics say they are most alarmed about the shear volume of record-keeping the regulations would require. producers must document preventative measures they take, show how they are monitoring compliance and keep track of any corrective actions for at least two years. according to the national federation of independent business, just one of the two rules would cost a medium size farm $13,000 a year in compliance cost. together the rules are expected to cost the industry as a whole $6 billion and generate more than 10 million hours of paperwork. critics say it could drive up produce cost and may create yet another round of unfunded mandates for american businesses. they are the ones that are going to end up filling out this paperwork, spending the time trying to meet these regulatory
he s just 411 votes short. i think it s the economic issues again. how do we restore confident and greatness by a climate of economic growth. it s true to our pay trotic that s going to invest in our own resources. an immigration policy that allows people to stay with a ph.d. or a master s. it s not creating prosperity to recognize that you can get desired benefits without creating a huge compliance cost. an education policy that reaches out to everybody. they have built a capacity. a fiscal policy that isn t just nuts when you re spending 40 krents on every dollar through
good evening, everyone. tonight, who let the attack dogs out? mitt romney, rick santorum and newt gingrich, these guys have a fundamentally different economic philosophy than we do. governor romney was more direct. let detroit go bankrupt. it s kind of amazinging. gingrich and romney and santorum, they don t let the facts get in their way. that was the first time he mentioned them by name and as you can see, he did so with joy. vice president came out swinging in a trip to the all important swing state of ohio speaking to his party s face. the industry s bailout is clearly a point of pride for the administration. it is a talking point you will hear a lot on the campaign trail for the rest of the year. just take a look at this clip from a 17-minute video the re-election campaign is debuting tonight. his advisers would ask where to begin, which urgent need would he put first. which is one, which is two, which is three, which is four, which is five? where do you start?
arthur andersen, it was a republican president who signed in law the public company accounting reform and investor protection act. better known as sarbanes-oxley after the two sponsored or sox for short. free markets are not a jungle where only the unscrupulous survives. sox s heart and soul is section 404 which requires publicly held companies to include in the annual reports their own assessment of the internal accounting controls and that of an independent auditor. conservatives site compliance cost of 404, originally estimated by the securities and exchange commission to be $91,000 per company. but later revived upward by the sec to $2.8 million per company. smaller firms pay lower amount but higher cost of revenue. results in lower, decrease in ipo and u.s. exchanges. former congressman oxly defends his signature legislation but is open to amendments. i think a lot of people i talk to now say they feel it
arthur andersen, it was a republican president who signed in law the public company accounting reform and investor protection act. better known as sarbanes-oxley after the two sponsored or sox for short. free markets are not a jungle where only the unscrupulous survives. sox s heart and soul is section 404 which requires publicly held companies to include in the annual reports their own assessment of the internal accounting controls and that of an independent auditor. conservatives site compliance cost of 404, originally estimated by the securities and exchange commission to be $91,000 per company. but later revived upward by the sec to $2.8 million per company. smaller firms pay lower amount but higher cost of revenue. results in lower, decrease in ipo and u.s. exchanges. former congressman oxly defends his signature legislation but is open to amendments. i think a lot of people i talk to now say they feel it