Luetkemeyer: We Can Take the American Dream, Put it Back into Play, and Return to a Pro-Growth Economy
Washington, April 28, 2021
WASHINGTON, D.C. – Today, the House Committee on Small Business is holding a remote hearing titled “Harnessing the Power of Immigrant-owned Businesses to Build Back Better.”
Ranking Member Blaine Luetkemeyer's opening statement as prepared for delivery:
Thank you, Madam Chairwoman, and thank you for holding this hearing, especially to discuss the unique issues immigrant-owned small businesses face. Each of us have immigrant-owned small businesses in our districts that are highly integral to our communities. The ability to start anew, pull yourself up by your bootstraps, and own a small business are all key aspects of the American dream that many immigrants are seeking in the United States.
However, immigrant-owned small businesses face the same difficult tasks that all small businesses face: how to survive the pandemic and how to deal with the daunting liberal tax policies and overregulating policies looming over their heads. This is not good for any small firm.
To get back our pre-COVID-19 small business environment, we must reject these new liberal policies and continue the previous Administration’s pro-growth policies focused on tax reform and targeted, smart deregulation. These are commonsense principles that allow small businesses to invest their hard-earned dollars as they see fit.
Unfortunately, the Biden administration and the left’s economic policies, along with the COVID-19 protective measures that continue to hold small businesses back, caused this group to face unprecedented challenges. Once busy Main Streets remain dormant in locations that continue these harsh measures instituted by state and local governments. However, state and local governments that have lifted mandates have seen small businesses begin to fight their way back to the busy Main Streets of the pre-pandemic days.
As the initial emergency period wore on, we know Congress worked diligently, in a bicameral and bipartisan nature, to begin the PPP and EIDL programs. In addition, Congress extended the debt relief program for new and existing 7(a), 504, and Microloans. Bipartisan Congressional efforts also created the Shuttered Venue Operators Grant Program for venues, theaters, and museums. These programs have aided small businesses in every Congressional district. They have helped all business owners of all backgrounds without limiting access to specific groups.
I look forward to the testimony of our witnesses today and thank them for joining us. It is my hope that with your voices we can take the American dream, put it back into play, and return to a pro-growth economy rather than the destructive pro-regulation path we are on now. Advancing all small businesses interests must continue to be a priority for this Committee.