Doesn't your business operate better when you are not worried that politicians in Washington will pass some new regulation which will cost you lots of money. Isn't your business more confident in its operations and will have superior performance -- thereby adding to the economy. As a business owner -- if you are not spending money to adhere to new regulations then it is more likely that you will post higher revenue and give your employees a pay raise.... then your employees are more likely to spend the money in the local economy and make that new purchase with their additional money.
You're both right. This point must be part of the reason why (big) business preferred Biden. That and the possibility they thought he was going to win, so buying influence.
I built a health insurance brokerage, we have agents in most states now. Not only do we have to deal with a constantly changing federal regulatory environment we also have to deal with an ever changing state environment in multiple states. The average person has no idea how much we have to adjust on licensing, marketing, HIPPA, records retention - you name it, it’s never ending but it’s part of the business and none of it has ever hurt me more than recessions and pandemics because I can adjust to regulations but I cannot adjust to less customers. Without customers there is no business.