First, I'd say that smart regulations could save everyone money. The problem that most businesses have is the dumb regulations that cost everyone a lot of money, including government. I think there's a big difference between the two, so let's be careful on that.
The second thing is that we can't tax our way out of this. We're going to have grow our way out of it. We need to make sure that we have really smart economic policies that drive growth long term. If we start driving up taxes, it's going to drive investment out of the country, and that's going to cause more problems.
I'll just leave it at that, succinct and short.