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In 1994, “for the rich, for the poor” had a new meaning. My beautiful new bride was ready to endanger her with me to start her business. When we founded the silver of our wedding, selling what was left, and the Din Woody Diamonds founded the USALC, we were just 45 days away from losing everything.
It’s been 30 years since we have our foundation Business And fulfilled our American dream. My story is a success story, but I faced many challenges and took the risk that the owner of every small business is familiar. There were also times when we earned millions of people only to lose millions, and sometimes we were just trying to keep the lights. Which had been challenging the last four years under Biden. The Biden government put unnecessary pressure on the authority and stability of small businesses, especially minority -owned businesses.
It is already a challenge for a small business to keep their doors open by management tax, property tax, payroll tax, professional tax. This list continues. But the Biden government, by further strangling small businesses and strangling with useless rules and regulations. During the last months of Biden’s presidency, Biden, who tried to implement the so -called “Corporate Transparency Act,” was the last blow to small US business owners. The law needed millions of businesses to complete the newly created “beneficial ownership information” (BOI) (BOI) to complete the federal government or to fines up to 1 591 a day, or even jail time. It was just another useless regulation to prevent a small business from landing.
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Biden’s BOI reporting requirements apply to about 333 million businesses, and losing its deadline can result in a fine of about $ 600 daily or criminal fines of up to $ 10,000. Thousands of business owners could not afford more cash due to the disappearance of a deadline on the useless fees by the bidnomics. The American dreams looked dark with the bounds of the Biden and the rules.
Small business owners – just another fee from closing – President Trump was waiting for his return. And the 1st day, President Trump began to fulfill his promise to keep the United States first, restore the backbone of the US economy and to abolish business killings.
President Trump is using his executive authority to quickly restore hope for small business owners. Under President Trump’s direction, Treasury announced the suspension of the need for beneficial property (BOI), which means that no penalties or penalties related to Biden’s business murder will be imposed.
Treasury Secretary Scott Basant said it is the best: this is a joint victory for small business owners across the country. President Trump is going to line by line to ensure that every useless and burdensome regulation is overturned. Instead of imposing a burden on the BOI’s report on small businesses in the United States, the Treasury will consider the rules that will only pay additional attention to foreign reporting companies. Protecting small businesses, not punishing them. The suspension of this reporting was a victory for small businesses across the country, but in the next four years there have been many more victories.
In a memorable address to President Trump’s Congress, he confirmed his commitment to defend and empower US small businesses. Since taking office, President Trump has signed an executive order that requires reduction of 10 existing regulations for every new rules created by federal agencies.
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President Trump also overturned a huge extension of the IRS under the Biden administration to target small businesses and restored the Biden administration’s job, China’s supporter, anti -US energy regulations.
The brick and mortar business L, Biden’s energy regulations were designed to keep the basic costs of keeping the doors even more expensive. If the untouchables were left, the business would have spent $ 1,100 on the air conditioner, 8 2,800 more on the gas heater, and $ 140 on the light bulb. President Trump immediately directed his energy department to prevent the burden from implementing the rules.
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President Trump’s promise to enforce mutual prices is equalizing the playground for US companies and is to bring historic investment and jobs to the United States. The February Jobs report revealed that 10,000 manufacturing jobs were created alone last month. The private sector is now developing job growth, which is creating more than 150,000 new jobs.
As the world’s most successful business tycoon, President Trump knows exactly what the United States once again thinks of making it wealthy. President Trump is not only a great friend of mine, but also a great friend for small businesses. For the United States, their powerful and compelling vision is the one that removes the government, removes the American soul, and renews the American dream.
