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Over 80% of small businesses concerned about inflation under Biden

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In a June survey from Goldman Sachs, small businesses expressed their concerns about the economy under President Biden. Most of the 10,000 small businesses surveyed believe that Biden’s policies could either negatively impact them.

82% of business owners reported concern about inflation. Meanwhile, 83% saw increases in operation costs and subsequently 48% raised their prices.

A majority of small businesses approve of Biden’s American Jobs Plan and American Families Plan, but only 13% say that the proposed tax policies will have a positive impact on them.

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Economy

TX Federal Judge takes ‘extraordinary’ step to ‘fast track’ ruling on Biden’s student loan forgiveness, forego trial

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Just The News reported on an “extraordinary move” by one Texas judge who is prepared to cancel President Biden’s student loan debt forgiveness payments.

U.S. District Judge Mark T. Pittman, a Trump appointee, says he is ready to decide the merits of Biden’s plan and skip the preliminary injunction and customary trial.

“U.S. District Judge Mark T. Pittman had been holding a hearing on a request from the small business group Job Creators Network’s legal arm on behalf of two plaintiffs to issue a preliminary injunction blocking Biden from enacting the debt relief until the legality of his executive order was decided” Just The News reports.

However, Pittman declared “in a five-sentence, one-page order that the government and plaintiff lawyers had made all the necessary arguments and that a trial would not elicit further evidence so he is ready to move to a judgement on the merits of the case.”

“Having held a hearing on Plaintiffs’ Motion for Preliminary Injunction and reviewed the related briefing, the Court intends to consolidate as it appears that the Parties have presented their case and no evidence of significance would be forthcoming at trial,” wrote Pittman.

Pittman said he was prepared to advance the preliminary objection request “to a determination on the merits” and gave the Justice Department and plaintiff lawyers until Friday to file any objections to his plan.

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