Many small business owners on Long Island say they are overtaxed and overregulated, and are hopeful President Donald Trump will deliver on his plans to cut taxes and reduce federal regulations, which they cite as major challenges.
No. 1 on their wish list to change is the Affordable Care Act (ACA), known as Obamacare, which Trump has promised to repeal and replace. Some also cited regulations specific to their industries, including food safety requirements and workplace safety standards. In many cases they said record-keeping and reporting requirements, rather than the substance of the regulations, make compliance expensive.