The impact from adding more reporting and overhead requirements on small business could be the death knell for many businesses.
Folks can come to their own conclusions about the good-bad-ugly of additional government requirements to small business owners. The link here is to the most recent Small Business Administration's Economic Report to the President (July 2009) -
http://www.sba.gov/advo/research/sb_econ2009.pdf The textual commentary is edited by political appointees of this Administration (that's the way it is), but that has not changed the bleakness. The statistics speak for themselves.
So, with our exports and overseas markets shrinking due to non-competitiveness, and domestic markets shrinking to foreign (mainly from socialist nations) product-dumping, is there any wonder why jobs are evaporating?
Regardless of the moral outcry, is this a good time to add more of a burden on domestic businesses without some kind of commercial offset (e.g., tariff increases) to balance the scales? The last thing we especially need now are more domestic businesses deleting jobs or going bankrupt because one more nail in their competitive coffin has been added.