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Biden administration accused of neglecting rural small businesses

September 18, 2024 | Small Business and Entrepreneurship: Senate Committee, Standing Committees - House & Senate, Congressional Hearings Compilation, Legislative, Federal


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Biden administration accused of neglecting rural small businesses
During a recent government meeting, a representative from Iowa highlighted the struggles faced by rural small businesses, emphasizing the need for federal support to level the playing field with urban counterparts. The representative, who grew up on a farm in Montgomery County, criticized the Biden-Harris administration for what he described as a lack of understanding and care for rural communities.

He pointed to a significant increase in prices—over 20%—since the current administration took office, attributing this inflation to policies such as the Inflation Reduction Act and the American Rescue Plan. The representative also noted that rural small businesses have been burdened with more than $1.6 trillion in regulatory costs, which he claims has further exacerbated their challenges.

The discussion turned to the impact of recent natural disasters in Iowa, where the representative witnessed firsthand the difficulties residents faced in recovery efforts. Many Iowans reported that their insurance was insufficient to cover the costs of repairs due to rising expenses linked to what he termed \"reckless Washington spending.\" He concluded by stressing the urgent need for federal policies that genuinely address the needs of rural communities, asserting that many residents feel neglected by the current administration.

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