Speaking last week at the Economic Forum Panel on Tax and Regulatory Burdens, President Bush reiterated his call for a cap on legal awards, arguing that frivolous lawsuits are putting US businesses at a competitive disadvantage.
The President told those attending the two day conference at the White House that:
"The costs of frivolous lawsuits in some cases make it prohibitively expensive for a small business to stay in business or for a doctor to practice medicine." He went on to observe:
"Justice ought to be fair. Those who have been hurt ought to have their day in court. But a judicial system run amok is one that makes it really hard for small businesses to stay in business."
Curbing abuses of the US judicial system is one of the stated priorities of the Bush administration during its second term, in addition to reducing the regulatory burden on business and implementing wide-ranging tax reforms.
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