Building common ground as a nation is essential, not just for political reasons, but also for the growth of our economy and creating a predictable regulatory landscape.
Commentary
Small businesses are the economic engine of our nation, with Hispanic entrepreneurs representing the fastest-growing segment. As the CEO of the United States Hispanic Business Council (USHBC), I have seen firsthand the vital role they play.
With the upcoming 2024 presidential election, the Hispanic community’s voice is more important than ever. Every 30 seconds, a Hispanic American becomes an eligible voter, influencing the election’s outcome. The USHBC Member Survey revealed that 35% of members identify as Independent, making Hispanics a significant target for any campaign.
Hispanic Americans are hard-working and entrepreneurial, driving the small business community. The USHBC’s policy platform highlights priorities crucial for any serious campaign, ensuring the prosperity of small businesses and the Hispanic community.
Low Inflation and Cost of Living
Inflation is a pressing concern for Americans, affecting essentials like groceries, gas, and housing. Small businesses face profit margin squeezes due to inflation-driven cost increases, exacerbated by higher interest rates. These challenges threaten businesses and the standard of living for many Americans.
Our immigration system needs attention, with over 8 million illegal entries in the past four years. The backlog of immigration cases raises security concerns, impacting border communities. Balancing legal immigration and border security is essential for economic and public safety.
A transparent tax policy that encourages innovation and growth is crucial. Recent tax policy changes have increased tax burdens for many businesses, hindering their ability to invest in research and development. This discourages innovation and competiveness, particularly impacting small businesses.
An energy transition to clean sources is necessary, but it must be responsible and strategic. Rushed regulations could harm industries reliant on affordable energy, leading to job losses and economic instability for Hispanic Americans working in energy-related sectors.
It is vital for the business community to actively engage in shaping a political environment that promotes economic growth.
We need to advocate for policies that establish a stable regulatory framework, encourage investment, encourage strategic competition, and promote a sense of national unity. The connection between political stability and economic prosperity is undeniable. It is crucial for our nation to come together and find common ground, not for political reasons, but for the advancement of our economy and the creation of a predictable regulatory environment.
Please note that the opinions expressed in this article are those of the author and may not necessarily align with the views of The Epoch Times.
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