There’s a lot of hot air coming out of Washington right now about the need to do something to improve “infrastructure,” but the proposal under consideration won’t accomplish that. Instead of a carefully crafted bill with a focus on genuine problems, leaders are trying to cobble together votes to spend as much as $4 trillion on programs that will do little to improve roads and bridges, but which will hurt our economy, increase taxes, and damage small businesses trying to recover from the pandemic.
For America’s Hispanic community, it’s critical that Washington get this right. We’ve been hit hard by coronavirus, with higher unemployment and greater income losses than for other demographics. According to a recent survey, almost one out of five black or Hispanic-owned businesses are expected to close permanently over the next few months. The last thing we need is for Washington to raise taxes, impose costly new regulations, and approve massive new spending for which we will ultimately have to foot the bill.
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