Dems Move Finish Off Small Business, Put Them Finally Out Of Business For Good

Posted by on February 10, 2021 4:18 pm
Tags:
Categories: The Beltway Report

As if forcing business not to open so that the billionaires and the tech sector consolidate 30% of the economy was not enough pain for the average small business owner/American, the Democrats have a new plan to cripple what is left of the economy.

Well, to be honest the plan is not that new, it’s been talked about for years and has destroyed many, many jobs in places that have implemented it in the past …

Fox News news

Democrats on the House Committee on Education and Labor approved a $15 federal minimum wage proposal included in President Biden‘s coronavirus relief package in the early hours of Wednesday morning.

“It’s a wrap, $15 #MinimumWage passes the [Education and Labor] committee after more than 13 hours of debate,” committee member Rep. Ilhan Omar, D-Minn., wrote on Twitteraround 4:30 a.m. on Wednesday.

Increasing the federal minimum wage from $7.25 to $15 an hour by 2025 would cut employment by 1.4 million but would lift roughly 900,000 Americans out of poverty, according to a study released Monday by the Congressional Budget Office.’

Ok, we have to stop here and look at this.  There is no way this is going to pull anyone out of poverty, what is going to happen is 1/2 the workforce at this wage will LOSE THEIR JOBS, the rest will see hours shrink and robots or other, more economical, solutions replace them.

How many times do we have to repeat this … you can not legislate prosperity.  All the government can do it get the hell out of the way of the free market and people’s desire to trade and do business.

Fox went on:

‘House Republicans voiced their displeasure with the committee’s action on Wednesday.

“Once again, Democrats are ignoring vulnerable, hardworking Americans, choosing instead to favor left wing special interests and those who support their radical agenda,” ranking member Rep. Virginia Foxx, R-N.C., said in a statement. “Forcing children to miss out on a high-quality, in-person education while cherry picking the schools that receive relief and championing a job-destroying $15 national minimum wage hike is hardly ‘bold relief.’”

Foxx also blasted committee Democrats for voting down Republicans’ “commonsense amendments,” including an amendment to block funding for higher education institutions linked to the Chinese government.’

If you can not tell the the Democrats are doing everything in their power to appease the CCP and cripple the USA, I really do not know what to tell you.

The post Dems Move Finish Off Small Business, Put Them Finally Out Of Business For Good appeared first on The Beltway Report.