WASHINGTON, DC– The Latino Coalition (TLC) released the following statement regarding the United States’ Announcement on a deal with Canada and Mexico to lift retaliatory tariffs:
“Today’s announcement to remove the tariffs for steel and aluminum imports from Canada and Mexico, and to lift retaliatory tariffs imposed on American goods by those countries, is a major win for the U.S. economy.
“This announcement removes a key obstacle in approving a solid, modern trade policy like USMCA— an agreement that will benefit American farmers, manufacturers and small business owners. The Latino Coalition calls on Congress to act swiftly and pass the USMCA and acknowledge the special role and contributions of businesses in international trade. Failure of our Congressional leadership to act will potentially damage our flourishing economy, and lead to unnecessary negative consequences for American consumers and businesses,” said TLC Chairman and former U.S. Small Business Administrator, Hector Barreto.
ABOUT THE LATINO COALITION- The Latino Coalition (TLC) was founded in 1995 by a group of Hispanic business owners from across the country to research and develop policies and solutions relevant to Latinos. TLC is a non-profit nationwide organization with offices in California, Washington, DC and Guadalajara, Mexico. Established to address and engage on key issues that directly affect the well-being of Hispanics in the United States, TLC’s agenda is to create and promote initiatives and partnerships that will foster economic equivalency and enhance and empower overall business, economic and social development for Latinos.
USMCA trade agreement will help the US economy: Hector Barreto
Hector Barreto, former head of the Small Business Administration, says the U.S. economy will benefit from the new NAFTA trade deal.
It’s National Small Business Week Opens a New Window. , and there is plenty to celebrate – whether you own a small business, work for one Opens a New Window. , or are simply enjoying the benefits of an economy Opens a New Window. that is made healthier and more stable by the establishment and growth of small firms.
While the ups and downs of the Main-Street-business sector don’t make headlines like the publicly-owned companies of Wall Street, the business health and sentiment of entrepreneurs is every bit as important to America’s economic strength. The small-business sector hasn’t always been as strong as it is today.
According to recent data from the National Federation of Independent Business (NFIB), small business hiring is so robust that business owners are having trouble finding enough qualified employees. According to NFIB, the small-business sector today is optimistic and highly productive.
Just a few years ago, many entrepreneurs felt that business ownership wasn’t worth it – the environment for starting and running a business felt bad enough that more Americans were closing businesses down than starting new ones. This negative turn in business dynamism, coupled with persistent pessimism in the small-business sector, was a bleak sign for future economic growth and job creation.
In the last two years, small-business optimism has turned around, dramatically. A federal public policy agenda that includes regulatory and tax relief has created an environment where America’s small-business owners feel hopeful once again.
Optimistic entrepreneurs do incredible things for an economy. They grow teams and take productive risks, including expanding inventories and investing in the development of new products or services.
Those who know the power of the small-business sector have not been one bit surprised by the recent government jobs reports, which have shown two years of robust job creation and a steady decline in unemployment across every demographic group. Those who only watch the stock market may be skeptical – but it is Main Street that creates two-thirds of America’s net new jobs, not Wall Street.
Will this new heyday for small business last? All Americans must hope so, because there is truly nothing “small” about small business.
History tells us that while government cannot create or grow small businesses (or the jobs that Main Street generates), our leaders do have quite a bit of influence over whether the environment is conducive to entrepreneurship.
If leaders in Washington, D.C., and in state capitals, can keep taxes low and regulations reasonable, America’s small-businesses sector will continue to feel optimistic. Entrepreneurs will continue to start and grow businesses, create new jobs and play their incredible role in making our economy the envy of the world.
By creating the right environment, every week can be Small Business Week.
Hector Barreto is Chairman of The Latino Coalition and former Administrator of the U.S. Small Business Administration.
Source: Fox Business
Wilbur Ross: USMCA is so superior, not only to old NAFTA but any trade agreement we've ever had Commerce Secretary Wilbur Ross on USMCA and efforts to streamline the process for improving America's infrastructure.
“Protectionist” and “anti-immigrant” are words regularly used by President Donald Trump’s Opens a New Window. critics. Yet top administration officials – up to and including Vice President Mike Pence – are developing and promoting innovative and practical policies to facilitate free trade Opens a New Window. and increase legal immigration. This begs the question: What is the fair, accurate story of the Trump administration Opens a New Window. on these consequential, international economic issues?
The real story is hard to find, but it is one of thoughtful, and relatively traditional, policy development. It does not fit the more sensational, click-bait narrative preferred by Trump’s political opponents and many media outlets. And while proposed policies of the Trump administration on immigration and trade may not please everyone (Democrats in Congress remain dogmatically opposed to any significant proposal that comes from the other end of Pennsylvania Avenue), they are unlikely to be extreme in any direction. The story of these policies isn’t a page-turner or fodder for media click bait, but it is a good one for the U.S. in terms of economic growth and position in the world.
For example speculation and coverage about NAFTA’s demise, when based mostly on the president’s provocative speeches and Tweets, and not on the actual work of negotiations, was wildly fun for the media and for Trump’s critics (and, presumably, for Trump as well). When the breathless coverage was then met with the reality of the newly negotiated USMCA (United States-Mexico-Canada Agreement), the story wasn’t exciting anymore. USMCA is, simply, solid and modern trade policy – already agreed upon by negotiators from all three nations – that will benefit American farmers, manufacturers, and small-business owners. The impact of this agreement, if approved by Congress, will be tremendous for economic growth and job creation. How dull. No wonder we aren’t seeing more headlines about USMCA, in spite of how important it is that Congress move forward in approving the agreement.
The White House has recently dispatched Vice President Pence to the manufacturing Midwest to talk about USMCA, in the hopes that more attention will be paid to this critical new trade policy. Putting a Vice President on a road trip is a major commitment when it comes to policymaking. In this case, it is evidence that the Trump administration is dedicated to replacing NAFTA with a deal that is a dramatic improvement on an outdated one. The media and critics find this terribly boring, so you’ll have to dig deep to find the coverage.
On immigration, the story is unfortunately written on a red-hot surface of real pain, real discord and real crisis. Opponents want to hate Trump on all things immigration. But we have recently learned that Jared Kushner is quietly working on an immigration reform plan that addresses two things most Americans agree on: the need for better border security and the importance of increasing skilled, legal immigration. Development of this plan was born out of a process that has been used by White House policy writers from both parties, for decades: the invitation of groups representing all sides of the issue to the White House for discussions and idea sharing. How tiresome of Mr. Kushner to be so deliberative and thoughtful; he makes it impossible to write a sensational headline.
Looking for the true, fair story of President Trump on trade and immigration is like trying to listen to an acoustic guitar player standing next to an electric guitar rocker with an amplifier. One is so loud, it is almost impossible to hear the other. It is important for everyone who cares about trade and immigration to remember that what they read and hear, on one side, is powered by disgust, politics and profit. What they must lean in to hear is normal, healthy economic policy.
Hector Barreto is Chairman of The Latino Coalition and former Administrator of the U.S. Small Business Administration.
“Latinos are finding their economic legs under the Trump administration, leading the surge in home ownership and income growth and record low poverty rates, according to two comprehensive new surveys,” Paul Bedard reports in the Washington Examiner.
Hispanics “have seen their third consecutive year of income growth and have a higher workplace participation rate . . . Within the next five years, Hispanic median income will triple,” according to the National Association of Hispanic Real Estate Professionals.
See 7 big trends for Latinos under President Trump.
“The S&P 500 and Nasdaq Composite had their highest closings on record Tuesday, marking a resurgence for the stock market,” Michael Wursthorn and Jessica Menton report for The Wall Street Journal. “The S&P 500 is up 17%, its best kickoff to a year since 1987, while the Nasdaq has gained 22%, its best start since 1991.”
“As Lockheed Martin readies production of the F-16 at its new home in Greenville, unexpectedly high demand for the fighter jet has officials saying up to 400 people will be hired for the work,” Anna Mitchell writes for Greenville News. “When we are able to do a ribbon cutting like this, it means great jobs, great wages for this community, but it also strengthens our alliances around the world,” White House Director of Trade and Manufacturing Policy Peter Navarro said.
“A massive caravan of approximately 10,000 migrants traveling through Mexico in hopes of reaching the United States is expected to arrive in Mexico City this week, according to local media reports on the group's movements,” Anna Giaritelli reports in the Washington Examiner. “The group has been described by Mexico's Interior Secretary Olga Sanchez Cordero as ‘caravana madre,’ which has been widely referred to as the ‘mother of all caravans’ in American media.”
U.S. Border Patrol officials found an abandoned toddler with only a phone number written on his shoes near the U.S.–Mexico border yesterday, Julia Ainsley reports for NBC News. “Rudy Karish, the chief Border Patrol agent in the Rio Grande Valley, said he believes the boy was left by smugglers.”
Source: West Wing Reads
The Tennessee Chamber of Commerce & Industry has filed a very strong letter with the FCC in support of the T-Mobile-Sprint merger. In general, the merger with Sprint will only continue T-mobile's legacy of creating jobs and spurring economic growth in our region. Read the letter to the FCC at http://ow.ly/6uT930ou0yj
Every hammer and every nail contribute to laying the foundation of a new life for SA Youth students. The SA Youth YouthBuild program provides a second chance for unemployed young people ages 16-24 who dropped out of high school. Jennifer Casarez, 19, has a two-year-old daughter at home who she credits for motivating her to start over and finish her education.
“[Had it not been for YouthBuild], I most likely would have more babies and just be a dropout,” she said. “I’m so grateful for them offering me this program.”
Casarez was one of a handful of students constructing a house at the corner of Morningview and Bookertee on the east side. It’s scheduled to be completed next month and will immediately go on the market to be sold to a first-time home buyer, veteran, or low-income family. Students will graduate in June with more than just a diploma in hand.
“If they choose to go into this market, they’ll have stackable credentials which is your OSHA 10, the construction certification, and all your safety certifications,” said YouthBuild Director Michelle Hutchinson.
As they complete the structure and framing of the house, students are affirmed in realizing the challenges of their pasts will no longer dictate the trajectory of their futures.
For more information or to support SA Youth, click here.
Author: Jon Coker
Published: 11:50 PM CDT April 9, 2019
Updated: 11:50 PM CDT April 9, 2019
Original article is at https://www.kens5.com/article/features/producers-picks/second-chance-students-build-homes-from-scratch/273-fa581002-81db-4dcc-a093-22ec41d44a01
With Linda McMahon set to retire as the head of the Small Business Administration (SBA) on April 12th, all eyes are on President Trump’s nomination for her replacement. He has named Republican Jovita Carranza, current treasurer at the Department of the Treasury to fill the role. What do we know about Carranza? Here is a rundown of what new outlets and the Trump Administration have shared so far:
1. She is not new to the SBA.
Carranza served as the Deputy Administrator for the SBA from 2006 to 2009 under President George W. Bush. Her confirmation was unanimous. Her duties included the oversight of 80+ U.S. field offices and the various business loans, investments, and disaster aid packages available to small businesses through the SBA. (The total portfolio of SBA assets to disperse was almost $80 billion.)
2. She has business experience.
Before her time at the SBA, she was the founder of JCR Group, a supply-chain management business. Her experience in logistics started long before that, however, with her 20-year tenure at the United Parcel Service (UPS.) A White House bio mentions her journey from overnight, part-time worker to the president of Latin America and Caribbean operations. She had been credited as the highest-ranking Latina in UPS history at the time of her promotion.
3. She is a Chicago native with community ties.
Carranza was born in Illinois and grew up with her immigrant family in Chicago before becoming involved with both local and national organizations and charities. Her board roles include the Illinois Enterprise Zone Advisory Board, The American Cancer Society Corporate Advisory Board, National Center for Family Literacy, U.S. Small Business Administration—Service Corps of Retired Executives (SCORE), Trustee Chair at the School of Business Council at Alverno College, and the United Way.
4. She has achieved high honors.
Carranza’s confirmation would result in her holding the highest office for a Latina within the Trump administration, but she had clout long before the nomination. Her awards include:
5. She has relevant educational experience.
As an MBA earner from the University of Miami in Coral Gables, her executive and management training includes time at the INSEAD Business School in Paris, Michigan State University, and the University of Chicago.
If confirmed, she will leave a hole in the Treasury Department but will be installed in the SBA in time for their annual National Small Business Week, taking place on May 5 – 11. Activities for the special event include hackathons, awards, Twitter chats, and virtual trainings.
There is no formal word on who would be Carranza’s Treasury replacement at this time.
"The Latino Coalition extends a much deserved congratulations to our friend and longtime supporter Jovita Carranza on her nomination for U.S. Small Business Administrator. Jovita's extensive business background and pro-economic growth leadership make her an excellent choice to advocate and champion the small business community," said Hector Barreto, The Latino Coalition Chairman and former US Small Business Administrator.
Click here to for Jovita's full bio.
On Thursday, Health and Human Services Secretary Alex Azar and Inspector General Daniel Levinson proposed a rule to lower prescription drug prices and out-of-pocket costs by encouraging manufacturers to pass discounts directly on to patients and bringing new transparency to prescription drug markets.
“Every day, Americans—particularly our seniors—pay more than they need to for their prescription drugs because of a hidden system of kickbacks to middlemen. President Trump is proposing to end this era of backdoor deals in the drug industry, bring real transparency to drug markets, and deliver savings directly to patients when they walk into the pharmacy,” said Secretary Azar.
“This historic action, combined with other administrative and legislative efforts on prescription drug pricing, is a major departure from a broken status quo that serves special interests and moves toward a new system that puts American patients first. Democrats and Republicans looking to lower prescription drug costs have criticized this opaque system for years, and they could pass our proposal into law immediately.”
“This proposal has the potential to be the most significant change in how Americans’ drugs are priced at the pharmacy counter, ever, and finally ease the burden of the sticker shock that millions of Americans experience every month for the drugs they need.”
The HHS proposal would expressly exclude from safe harbor protection under the Anti-Kickback Statute rebates on prescription drugs paid by manufacturers to pharmacy benefit managers (PBMs), Part D plans and Medicaid managed care organizations.
It would create a new safe harbor for prescription drug discounts offered directly to patients, as well as fixed fee service arrangements between drug manufacturers and PBMs. The proposal would also provide a historic new level of transparency to a system that has been shrouded in secrecy for decades.
Under the proposed rule, prescription drug rebates that today amount to, on average, 26 to 30 percent of a drug’s list price may be passed on directly to patients and reflected in what they pay at the pharmacy counter. By encouraging negotiated discounts that are reflected in cost-sharing methods like co-insurance, used for many expensive drugs in Medicare Part D, the proposal is projected to provide the greatest benefits to seniors with high drug costs.
The proposal would also address the most significant incentive drug manufacturers cite in raising their list prices every year, the pressure to provide larger and larger rebates. This rule provides a clear pathway for drug companies instead to compete to have the lower price and out-of-pocket cost to the patient.
This proposal complements efforts in progress laid out in the President’s “American Patients First” blueprint, including requiring the disclosure of list prices in television ads, increasing negotiated discounts in Medicare, banning pharmacy gag clauses, adopting real-time prescription benefit tools, and boosting low-cost generic and biosimilar competition.
Read a fact sheet on the new discount policy here.
Read the rule here.
Washington, DC — The Latino Coalition released the following statement in response to the Department of Health and Human Services’ new proposal to overhaul the drug purchasing system.
“We commend Secretary Azar and the Department of Health and Human Services for taking an important step in improving out-of-pocket costs for patients. This new rule will ensure that negotiated discounts and rebates do not disappear into the pockets of middlemen but are instead passed on directly to patients. Hispanic/Latino beneficiaries face many obstacles in accessing care but these changes will help to reduce financial burdens and improve their ability to purchase the prescriptions they need.
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