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Biden’s plan will worsen inflation, ‘disproportionately harm minority families and small businesses’

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Republicans on the House of Ways and Means Committee put out a press release detailing how “Biden tax hikes increase burdens for taxpayers” and how the Democrat policies “disproportionately harm minority families and small businesses.”

The United States is suffering a 40-year high inflation, and Biden’s budget includes further tax hikes on Americans and over one million small businesses. His plans reverse “the gains made under the Republican-led Tax cuts and Jobs Act (TCJA)” the release states.

The press release quotes President and CEO of the Job Creators Network, Alfredo Ortiz, who testified during a Ways and Means hearing in April. Ortiz wrote an op-ed for Breitbart News, in which he wrote:

“President Biden’s recently announced budget proposes raising taxes by $2.5 trillion. He plans to hike taxes by one-third on the approximately one million small businesses structured as corporations. He also wants to raise tax rates on successful Americans and small businesses structured as pass-throughs.”

“Small businesses depend on tax certainty to bring the economy and labor market back to pre-pandemic levels. Small businesses and ordinary Americans also need these tax savings to help blunt the impact of historic inflation caused by Democrats’ reckless spending that’s devalued the dollar. This week, the Bureau of Labor Statistics announced that consumer prices have risen by 8.5 percent and wholesale prices by 11.2 percent over the previous year. Eliminating the TCJA would compound the pain of this inflation tax.”

During Ortiz’s testimony, he warned that Democrats’ threat of crippling tax hikes, inflationary spending, and persistent worker shortage disproportionately harm minority families and small businesses. “President Biden’s proposed tax increases and labor regulations would disproportionately impact small businesses, reducing their ability to expand, hire, and raise wages for minority employees.”

“Prices right now are growing three times faster than paychecks. For an average family in America, it means you’ve lost ground by about $5,700 over the last year, which is why most Americans feel like they’re financially worse off now than they were during the height of the COVID pandemic. Not a good sign. We also got bad news from small businesses yesterday. Their optimism is at the lowest ever recorded. And for maybe the same reason – inflation is just hammering them and they can’t find workers.”

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Economy

Analysis: the 7.2 million illegals Biden has let enter the U.S. is larger than the population of 36 states

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For those who can’t comprehend the magnitude of what the Biden administration’s poor border policies have done, the nearly 7.3 million migrants who have illegally crossed the southwest border  on Biden’s watch is a greater amount than the population of 36 individual states.

A Fox News analysis looked at data from U.S. Customs and Border Protection (CBP), which shows the total number of southwest land border encounters since Biden assumed office in 2021 is 7,298,486. The CBP already reported 961,537 border encounters in the current fiscal year, which runs from October through September.

Fox News reports:

If the current pace of illegal immigration does not slow down, fiscal year 2024 will break last year’s record of 2,475,669 southwest border encounters — a number that by itself exceeds the population of New Mexico, a border state.

That is larger than the population of 36 U.S. states, including Alabama, Alaska, Arkansas, Colorado, Connecticut, Delaware, Hawaii, Idaho, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Mexico, North Dakota, Oklahoma, Oregon, Rhode Island, South Carolina, South Dakota, Tennessee, Utah, Vermont, West Virginia, Wisconsin and Wyoming.

The analysis found that compared to the largest U.S. states, the 7.3 million number is about 18.7% of California’s population of 39 million; 23.9% of the state of Texas and its 31 million residents; 32.3% of the population of Florida; and 37.3% of New York. It’s more than half the size of Pennsylvania, Illinois and Ohio.

Were the number of illegal immigrants who entered the U.S. under President Biden gathered together to found a city, it would be the second-largest city in America after New York. And the total does not include an estimated additional 1.8 million known “gotaways” who evaded law enforcement, which would make it bigger than New York.

This unprecedented surge in illegal immigration isn’t an accident. It is the result of deliberate policy choices by the Biden administration,” said Eric Ruark, Director of Research for Numbers USA, a nonprofit that advocates for immigration restrictions.

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