Kamala Harris for President: A nightmare for small businesses?

The election of Kamala Harris as vice president of the United States raises questions about its impact on small businesses. Some voices are being raised to express legitimate concerns about the possible repercussions of his policies on this vital sector of the American economy. Could this historic appointment turn into a real nightmare for small businesses?

Jean Dupont, an articles writer specializing in economics and politics, explores the potential impacts of Kamala Harris as president on small businesses. With in-depth expertise in public policy analysis, its objective is to inform and provoke reflection through a clear and engaging writing style.

Entrepreneurs’ concerns

For many entrepreneurs and small businesses, the idea of ​​a Kamala Harris presidency is concerning. Shawn Meaike, an American serial entrepreneur, shares these concerns. He said small business owners realize they are having a much tougher time today under the Biden-Harris administration than when they were under President Donald Trump.

Meaike, who started his career “broke” but is now a millionaire thanks to his businesses in real estate, waste management and life insurance, is also passionate about mentoring young entrepreneurs. He noted that many business owners he speaks with have changed their minds politically, citing difficulties under the current administration.

The economic policies in question

The economic policies supported by Kamala Harris and Joe Biden appear to be one of the main concerns. THE tax reforms proposed by Harris, such as taxes on stock trading, fees for carbon pollution and increased corporate taxes, raise concerns about their impact on the business climate.

Harris’ tax plan for 2024 has not yet been revealed, but Meaike emphasizes that current and proposed policies from the Biden-Harris administration do not favor entrepreneurs. Harris has also been criticized for her instrumental role in passing the Inflation Reduction Act of 2022. Republicans blame the law for part of the current inflation, making it worse for small businesses.

Too much regulation, not enough security

Another major area of ​​concern is the over-regulation. According to Meaike, the current administration’s policies are more favorable to those who don’t build businesses. Entrepreneurs face too many and restrictive regulations that hamper their efforts to grow their businesses.

Safety is also a factor. The perception of an increase in insecurity and a lack of maintaining order under the Biden-Harris presidency worries entrepreneurs. They fear for the safety of their businesses and employees, facing an increase in crime and slow police responses.

The effects of minimum wage increases

THE minimum wage increases imposed by this administration have also had a negative impact. Meaike says these increases make it harder for small businesses to hire new employees and limit the disposable income needed for these businesses to thrive.

The administration’s response

The White House, for its part, insists that the Biden-Harris administration has been good for small businesses. In June, the White House announced more than 18 million new business applications under the Biden administration, and President Biden said his administration is supporting this unprecedented wave of entrepreneurial initiatives with historic investments.

What future for capitalists?

As voters prepare for a critical November election, Meaike believes there is only one candidate who truly protects the interests of capitalists. Although he acknowledges that Donald Trump is a controversial figure, Meaike views Trump as a businessman and believes he is better suited to supporting entrepreneurs.

The Harris camp did not immediately respond to a request for comment.