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A recent report by the American Action Forum explored the effects of major government regulation on businesses.

Herman Cain relayed its major findings, saying: “According to the report billion dollar or more regulation reduces employment in an industry by three percent, and with two regulations employment gets reduced by 17 percent; and if an industry gets hit by just three regulations it reduces employment by 25 percent.”

“Regulation on business, folks, costs money. Guess who pays it: you and I, the taxpayers.”

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