After 14 Months of Biden Economic Policies, People of Color and Minority-Owned Small Biz Are Worse Off

Facing 40-year high inflation that has wiped out the wage gains from the Tax Cuts and Jobs Act, American families – particularly people of color – are in crisis after only fourteen months of Democrats’ economic policies, Republican Leader on the Ways and Means Committee Rep. Kevin Brady (R-TX) said in opening remarks during a full committee hearing.

Key Excerpts:

  • A recent survey found that people of color, and those just getting into the workplace for the first time, are the ones struggling the most with inflation.
  • Minority-owned small businesses are struggling to recover from the pandemic, facing higher prices, and a labor shortage thanks to Washington’s lavish and extended unemployment bonuses, monthly stimulus checks, and Affordable Care Act subsidies that discouraged work.
  • Many Americans believe our economy is already in a recession or depression and have lost faith in the President’s ability to rebuild an economy that works for them.

CLICK HERE to read my full remarks as prepared for delivery.


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