White House touts 'small business boom' ahead of midterm elections, despite high inflation, gas prices

  • 📰 FoxNews
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 87%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Facing the prospect of a shellacking for his party in the upcoming midterm elections amid high inflation and gas prices, President Biden is touting a “small business boom” coming out of the pandemic and releasing a four-pillar economic strategy for small businesses.

"Through the American Rescue Plan and the equitable implementation of emergency relief programs, President Biden and Vice President Harris fostered the strongest recovery for Main Street on record," the White House says in a one-pager on the plan. "In 2021, Americans applied to start 5.4 million new businesses—more than 20 percent higher than any previous year on record.

The White House report claims that "the Biden-Harris agenda laid the foundation for this small business boom." The report contrasts Biden's plan with the GOP proposal put forward by Sen. Rick Scott, R-Fla. The White House is also releasing a state-by-state analysis of the Congressional Republican tax plan, claiming that the plan "would raise taxes on nearly half of small business owners , including 82 percent of small business owners making less than $50,000 per year."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 9. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

What is this Biden’s version of Obama’s small business didn’t start without someone’s help?

And the sheep believe it!

President can’t control gas prices. Supply and demeans and war in Ukraine are issues driving prices up

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

White House denies President Biden’s involvement with son’s business partnerWhite House press secretary Jen Psaki on Wednesday shot down allegations that President Biden was involved with son Hunter Biden’s closest business partner, despite visitor logs showing a 2010 meeting when he was vice president. They can deny all they want but the 'big man' doesn't leave much room for speculation. He's not the president. 🤪
Source: WashTimes - 🏆 235. / 63 Read more »