Biden policies benefit Hispanics

The economic measures applied by the president of the United States, Joe Biden, have as their central focus helping the Hispanic community

The director of the National Economic Council of the White House, Brian Deese, assured that the economic policies of the President of the United States, Joe Biden, have a particular focus on the Hispanic community.

“Not only do they record a rapid reduction in the unemployment rate, but we have seen a record growth of small businesses and entrepreneurship in the country? Even among the Hispanic community“, Deese said.

The unemployment figures for September 2021 were 5.4 % in the Hispanic community, for this year that gap was reduced by 3.2 %. Another important fact is that today there are around five million companies that are owned by members of this guild.

The official exposed three actions of the Biden Administration that have a direct impact on American families, including Hispanics. The first is about the reduction in the cost of fuel, which comes from the release of 15 million barrels of oil from the Strategic National Reserve.

Another of the actions will seek to have a cost reduction in the prices of medicines and medical insurance, based on the Inflation Reduction Law. Deese indicated that Medicare will be allowed to negotiate better prices for prescription drugs.

The third action of the Biden Administration is the strategy to reduce the cost of energy.

“In the coming months, Americans will have access to tax credits for doing things, like buying more energy-efficient appliances, making improvements to their homes, new windows, new doors. They will now get a tax credit for more efficient appliances or efficient ways to heat and cool their homes that will help lower their costs,” the official said.

K. Tovar

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Source: La Opinión

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