Raising Taxes on ANY American Should Be Off the Table: LIBRE

Arlington, VA (5/9/25) —Today, The LIBRE Initiative, the country’s largest center-right Latino advocacy group, issued a statement in response to news that some U.S. House Republicans are considering raising taxes on small business owners and job creators.

Sandra Benitez, Executive Director of The LIBRE Initiative, issued the following statement:

“At a time when Latino families, and all families across the country, continue to pursue a better economy than the last four years, it’s outrageous that Congress would even consider raising taxes in this economy, and at the same time refuse to eliminate the trillions of dollars in waste from Joe Biden’s Green New Scam. Let’s be clear: Tax hikes hurt all Americans. They threaten small businesses, job creation, and the very promise of the American Dream. 97% of Latinos are opposed to any tax hikes because we want opportunity and economic freedom to provide for ourselves and our families. Our message to House Republicans considering supporting a tax increase is: Do not put a tax on the American Dream.”

Facts on Hispanic-Owned Businesses in the U.S.:

• Nearly 1 in 4 new businesses is Hispanic-owned.
• Hispanic-owned small businesses are the fastest-growing segment of U.S. entrepreneurs, having increased 34% over the last decade.
• Hispanic-owned businesses employ nearly 3 million workers across the country.
• 99% of Latino-owned businesses are classified as small businesses.
• In 2023 alone, Latinos started 36% of all new businesses, nearly double their share of the population.
• From 2018 to 2023, Latino-owned businesses grew by 44% and their revenue by 55%, reaching $654 billion.
• These businesses are more likely to offer employee benefits (89%), and advancement opportunities (90%) compared to non-minority-owned firms.
• Latino-owned businesses are also more likely to implement green practices, motivated by savings and brand reputation.
• The U.S. Latino GDP stands at $3.2 trillion—the 5th largest economy in the world if ranked independently. At this pace, it is expected to surpass Germany’s economy by 2027.

ABOUT LIBRE 

The LIBRE Initiative is a non-partisan, non-profit grassroots organization dedicated to empowering the U.S. Hispanic community. We focus on promoting economic freedom, educational opportunities, and a path to prosperity for all. By advocating for policy changes at both the local and national levels, we aim to ensure that the American Dream remains attainable for everyone.

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