Impact of Inflation on Small Businesses under President Biden
Inflation in the U.S. has reached 20 percent under President Biden, leading to a decline in the dollar's value, increased grocery and gas prices, and a cost-of-living crisis. Small businesses are struggling due to inflation, credit crunch, and increased crime, with potential tax hikes threatening their survival.
Key Points
- Inflation in the U.S. has reached 20 percent under President Biden
- Small businesses are facing economic woes due to inflation, credit crunch, and increased crime
- Potential tax hikes under Biden's administration threaten the survival of many small businesses