Spending
Today, the federal government has vastly overstepped the Founders’ vision for limited government, as lawmakers expand the size of government but are reluctant to raise taxes to pay it and are even more reluctant to rein in spending. Government spending doesn’t stimulate the economy; it’s a drag on the economy. It distorts markets, picks winners and losers, and creates perverse incentives for individuals, investors, businesses and industries to pursue more government handouts instead of creating more value for themselves or their customers.

Cronyism/Corporate Welfare
The U.S. has strayed from the ideal free market system where the government’s role in the economy is limited to protecting individual rights, enforcing contracts, and punishing and deterring fraud. Federal, state and local governments are larger and interfere more in the free market economy. In the ideal free market system, businesses and individuals are rewarded for the value their goods and services create without a government dictating any of the terms. When the government picks winners and losers and awards favors to politically connected businesses or industries, it undermines competition and gives politicians and businesspeople an incentive to engage in corruption and kickbacks.

Policies like corporate welfare have created a system in which success for some comes at the expense of others. In a recent six-year period, for example, the federal government doled out $4.4 trillion to just the top 200 U.S. companies, costing roughly $35,000 per household.

We’re working to restore an economic system that advances equal rights by eliminating all special government favors—whether they be subsidies, tax credits, or anticompetitive regulations.

Regulations
Taxpayers deserve to know the true weight of the federal regulatory burden that they face every day. A major hurdle to understanding and reducing this enormous burden is the lack of clarity around just how large the problem really is. Existing measures – like the number of pages in the Code of Federal Regulations – do not clearly define the real impact of our out-of-control regulatory accumulation.

Our regulatory system has also become so burdensome and complex that small businesses report spending more than $80,000 on compliance in their first year of operation—providing a steep advantage to large businesses that can more easily absorb such added costs

Labor
State and federal barriers that devalue work, create cycles of dependency, and prevent people from finding fulfillment in the profession of their choice should be eliminated. People should be empowered to earn success through meaningful work, have power over their paychecks, and who they associate with.

In the current climate, burdensome occupational licensing prevents many would be entrepreneurs and hard-working people from achieving their dreams, hitting the Hispanic community especially hard and driving up the cost of living for everyone. Policies like occupational licenses often stack the deck against the unemployed by requiring them to sometimes pay thousands of dollars and endure thousands of hours of training to simply enter their chosen profession.

Posts

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The LIBRE Initiative – Colorado Affirms Opposition to Gas Tax

The LIBRE Initiative – Colorado Affirms Opposition to Gas Tax (Denver, CO) – Today, The LIBRE Initiative – Colorado, a group committed to empowering the Hispanic community, reaffirmed its opposition to proposals to raise the gas tax on Coloradans. Legislators recently announced plans to introduce legislation that would enact higher fees on gas, while putting a state … Read More
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ICYMI: LIBRE Hosts Diverse Minority Business Leaders to Discuss The PRO Act

Pro-Act would negatively impact economic growth of Virginia businesses (ARLINGTON, VA) –  Yesterday, The LIBRE Initiative-Virginia hosted a virtual townhall with the Northern Virginia Black Chamber of Commerce, Virginia Asian American Chamber of Commerce, and Virginia Hispanic Chamber of Commerce, to discuss the PRO Act, a piece of federal law legislation under consideration in the … Read More

Yes, the PRO Act could kick you out of independent contracting

After passage in the House early last month, the Protecting the Right to Organize Act, also called the PRO Act, now awaits consideration in the Senate. The bill could force millions of Americans, including many Latinos, out of independent contracting to push them into traditional employment, robbing them of the flexibility they value in their … Read More
How the PRO Act would limit opportunity for Hispanic workers

How the PRO Act would limit opportunity for Hispanic workers

Maggie Escalante knows what it means to hustle. As a homeschool mom of three boys and a graphic design educator, she loves having the ability to earn an income to support her family while taking care of her kids.   How is she able to do this?   “I am an independent contractor, and I have been for the past seven years,” she says. “There’s no other job like mine, because … Read More

The LIBRE Initiative’s infrastructure social media toolkit

Tired of Washington not listening? Do you oppose reckless spending, massive debt, and huge tax hikes? You can make a difference for our Hispanic community by uniting with others from across the nation who share your concerns, and it only takes two steps. President Biden’s so-called infrastructure proposal isn’t a bill for roads and bridges. … Read More

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