Black Businesses Are Getting Crushed Under The Biden-Harris Economic Agenda

Vice President Kamala Harris’s multistate economic tour stopped in Michigan this month to tout the administration’s record for black Americans. The start of the tour coincided with National Small Business Week. The Biden administration tries to hide it, but the economic numbers show that Bidenomics has handicapped black businesses. Small enterprises are struggling with high costs, high interest rates and increased regulations, driving many black business owners to reconsider for whom to cast their vote this November. One day before the vice president touched down in the battleground state of Georgia, a New York Times article detailed how black small business owners viewed the Biden administration’s efforts, and it wasn’t positive. Thirty-two-year-old Atlanta-based tech entrepreneur Kimberly Jolasun, pressed by high interest rates that tripled her monthly payments on credit used to start her business, said that she was ready to consider voting for a Republican candidate. Owners of the nation’s 2.6 million black businesses are likely weighing whether a Biden or Trump policy agenda will improve the economy and their firms’ prospects. They don’t have to think back far. From 2017 to 2020, the number of black businesses grew by 13.64%, eclipsing the 0.53% growth in all businesses during that...