1 00:00:04,880 --> 00:00:07,280 Speaker 1: On this episode of news World. In the spring of 2 00:00:07,320 --> 00:00:11,319 Speaker 1: twenty twenty two, my guest Alfredo or Two's, testified in 3 00:00:11,360 --> 00:00:14,320 Speaker 1: front of the House Ways and Means Committee and argued 4 00:00:14,360 --> 00:00:19,479 Speaker 1: that minorities can overcome racial economic gaps through entrepreneurship. His 5 00:00:19,680 --> 00:00:23,760 Speaker 1: perspective was in stark contrast to other witnesses who claimed 6 00:00:23,760 --> 00:00:27,280 Speaker 1: the government needed to increase income redistribution to minorities to 7 00:00:27,280 --> 00:00:30,120 Speaker 1: make up for the racism holding minorities back. In his 8 00:00:30,240 --> 00:00:36,239 Speaker 1: new book, The Real Race Revolutionaries, How Minority entrepreneurship can 9 00:00:36,280 --> 00:00:41,240 Speaker 1: overcome America's racial and economic divides, Alfredo demonstrates how and 10 00:00:41,240 --> 00:00:47,200 Speaker 1: why minority entrepreneurship offers the best path to racial economic equality. 11 00:00:47,880 --> 00:00:52,240 Speaker 1: Capitalism and entrepreneurship are the true anti racist forces because 12 00:00:52,240 --> 00:00:56,680 Speaker 1: they reward merit, not skin color. Ortiz explains how only 13 00:00:56,720 --> 00:01:00,560 Speaker 1: in America can people from any background of any skin 14 00:01:00,600 --> 00:01:04,440 Speaker 1: color succeed, and uses his own life experience as an 15 00:01:04,440 --> 00:01:08,640 Speaker 1: illustration here to discuss his new book. I'm really pleased 16 00:01:08,680 --> 00:01:12,880 Speaker 1: to welcome my guest and my friend, Alfredo Ortis, President 17 00:01:12,920 --> 00:01:27,040 Speaker 1: and CEO of the Job Creators Network. Welcome and thank 18 00:01:27,040 --> 00:01:29,200 Speaker 1: you for joining me. New Thank you very much for 19 00:01:29,240 --> 00:01:31,640 Speaker 1: having me. It's an honor and for full disclosure to 20 00:01:31,640 --> 00:01:34,039 Speaker 1: our audience, you and I have worked together on the 21 00:01:34,080 --> 00:01:39,160 Speaker 1: historic tax cutspill of twenty seventeen through the Job Creators Network. 22 00:01:39,760 --> 00:01:41,400 Speaker 1: You know, I think that was so historic. Did you 23 00:01:41,400 --> 00:01:44,960 Speaker 1: want to just take a minute and talk about it. Yeah, absolutely, nude. 24 00:01:44,959 --> 00:01:48,360 Speaker 1: I mean, that was really a game changer for especially 25 00:01:48,600 --> 00:01:51,560 Speaker 1: not only the economy, but our small businesses all across 26 00:01:51,600 --> 00:01:56,279 Speaker 1: the country. We had historic tax reduction that really brought 27 00:01:56,360 --> 00:01:58,280 Speaker 1: the income tax level down to a point where they 28 00:01:58,280 --> 00:02:03,720 Speaker 1: could reinvest those savings into higher wages, more benefits, increased 29 00:02:03,720 --> 00:02:06,320 Speaker 1: capital to their business, and really, I think what we 30 00:02:06,360 --> 00:02:09,920 Speaker 1: saw the results of that was just an absolute booming economy, 31 00:02:10,040 --> 00:02:15,119 Speaker 1: and every single ethnic group, whether it was Black, Asian, Hispanic, 32 00:02:15,600 --> 00:02:18,280 Speaker 1: really did the best that they had ever done in history. 33 00:02:18,320 --> 00:02:20,840 Speaker 1: And so that really was a game change for our 34 00:02:20,880 --> 00:02:23,520 Speaker 1: small businesses. And the primary things that we saw not 35 00:02:23,560 --> 00:02:26,680 Speaker 1: only was the tax reduction, but also the dropping of 36 00:02:26,720 --> 00:02:30,079 Speaker 1: a lot of regulations that enabled them to succeed. Now, 37 00:02:30,120 --> 00:02:32,760 Speaker 1: of course, this administration is pretty much doing a one 38 00:02:32,880 --> 00:02:35,880 Speaker 1: eighty on that, and our small businesses are really concerned 39 00:02:35,880 --> 00:02:39,560 Speaker 1: about that. Across the country. We know attention Reagan and 40 00:02:39,600 --> 00:02:42,440 Speaker 1: Trump in a sense followed the same pattern. Cut taxes, 41 00:02:42,440 --> 00:02:46,880 Speaker 1: cut regulations, encourage people to go out and be entrepreneurships, 42 00:02:47,000 --> 00:02:50,200 Speaker 1: encourage people to work hard, and both times it led 43 00:02:50,240 --> 00:02:52,679 Speaker 1: to an economic boom. And it's kind of strange that 44 00:02:52,760 --> 00:02:56,359 Speaker 1: the left just doesn't seem to be able to look 45 00:02:56,360 --> 00:02:58,760 Speaker 1: at reality and look at the numbers. But I think 46 00:02:58,800 --> 00:03:03,000 Speaker 1: you had a unique advantage in testifying and in the 47 00:03:03,040 --> 00:03:05,920 Speaker 1: work you've done with the job Creator's network, and I 48 00:03:05,919 --> 00:03:08,720 Speaker 1: think it would help our audience to understand your own 49 00:03:08,760 --> 00:03:11,360 Speaker 1: background and how you got to where you are today. 50 00:03:11,760 --> 00:03:15,920 Speaker 1: Can you start of share your biography for a minute? Yeah, absolutely, nude. 51 00:03:15,919 --> 00:03:17,400 Speaker 1: And this is I think one of the reasons why 52 00:03:17,480 --> 00:03:21,000 Speaker 1: I really am passionate about this, because I am actually 53 00:03:21,120 --> 00:03:24,760 Speaker 1: an outcome of that hard work, that entrepreneurship, that capitalism 54 00:03:24,840 --> 00:03:27,000 Speaker 1: really has been able to thrive here in this country, 55 00:03:27,080 --> 00:03:30,240 Speaker 1: thank goodness. You know. I was born in Chulivista. I 56 00:03:30,320 --> 00:03:33,320 Speaker 1: was a son of immigrants, and my mom was a housekeeper. 57 00:03:33,360 --> 00:03:35,520 Speaker 1: My dad was a tailor. They had a little tailor 58 00:03:35,560 --> 00:03:38,560 Speaker 1: shop down in Tijuana, Mexico actually, and so they lived 59 00:03:38,600 --> 00:03:42,000 Speaker 1: right across the border in Chullivista, California. I was born 60 00:03:42,320 --> 00:03:45,600 Speaker 1: firstborn here in the United States. But we were very 61 00:03:45,640 --> 00:03:47,800 Speaker 1: poor still, even though we had a little business and 62 00:03:47,880 --> 00:03:49,960 Speaker 1: my mom was a housekeeper, we were still very poor. 63 00:03:50,040 --> 00:03:52,840 Speaker 1: And so on trash day, for example, nut I would 64 00:03:52,840 --> 00:03:54,600 Speaker 1: go around with my mom and we would collect a 65 00:03:54,680 --> 00:03:57,760 Speaker 1: lunium cans and newspapers out of the trash cans. We'd 66 00:03:57,800 --> 00:04:00,960 Speaker 1: pop over the YMCA and those ended. That was our 67 00:04:01,000 --> 00:04:03,880 Speaker 1: grocery money for the week. But here's the thing. She 68 00:04:04,000 --> 00:04:08,000 Speaker 1: also was very entrepreneurial because she also put on the 69 00:04:08,040 --> 00:04:11,040 Speaker 1: best darned garage sales and probably all of San Diego, 70 00:04:11,400 --> 00:04:14,240 Speaker 1: and she knew exactly what to get and she knew 71 00:04:14,240 --> 00:04:17,359 Speaker 1: our customer base better than anybody, and so she always 72 00:04:17,400 --> 00:04:20,480 Speaker 1: had these thriving garage sales. But she also did bake sales, 73 00:04:20,560 --> 00:04:23,320 Speaker 1: craft sales, I mean, you name it, anything possible to 74 00:04:23,360 --> 00:04:25,719 Speaker 1: make sure that we were able to make ends meet. 75 00:04:26,240 --> 00:04:28,440 Speaker 1: And it's not to say that we didn't actually have 76 00:04:28,640 --> 00:04:31,960 Speaker 1: some level of government support, because I'm sure you remember 77 00:04:32,000 --> 00:04:36,480 Speaker 1: at some point the USDA actually did surplus handouts of eggs, bread, 78 00:04:36,480 --> 00:04:39,280 Speaker 1: and milk and cheese. We were actually recipients of that, 79 00:04:39,560 --> 00:04:41,400 Speaker 1: and in fact that my church was one of the 80 00:04:41,440 --> 00:04:44,800 Speaker 1: distribution sites there in Chula Vista, but you know, what 81 00:04:45,240 --> 00:04:48,680 Speaker 1: she taught me was that you don't get something right 82 00:04:48,680 --> 00:04:51,279 Speaker 1: at the very beginning. We would greet the trucks that 83 00:04:51,279 --> 00:04:53,880 Speaker 1: would come, we would receive them, we would put the 84 00:04:53,920 --> 00:04:56,440 Speaker 1: stuff out, and then we would distribute it all to 85 00:04:56,480 --> 00:04:58,840 Speaker 1: everybody that I needed, and only at the very end, 86 00:04:58,839 --> 00:05:01,160 Speaker 1: once we did that would take our portion. And so 87 00:05:01,440 --> 00:05:04,880 Speaker 1: my mom really gave me that hard work ethic and 88 00:05:05,120 --> 00:05:09,200 Speaker 1: understanding that it's okay if you do need assistance, because look, 89 00:05:09,440 --> 00:05:13,240 Speaker 1: sometimes things go wrong with us and things happen, and 90 00:05:13,279 --> 00:05:15,599 Speaker 1: we all need some assistance. So I never frowned upon that. 91 00:05:16,120 --> 00:05:18,159 Speaker 1: But the thing is that she says, if you're enabled 92 00:05:18,160 --> 00:05:21,679 Speaker 1: body an individual, you can still at least do something 93 00:05:21,680 --> 00:05:23,919 Speaker 1: for what you're getting. And if you notice new actually 94 00:05:24,000 --> 00:05:26,960 Speaker 1: amongst at least the Hispanic culture, which I know very well. 95 00:05:27,360 --> 00:05:29,520 Speaker 1: You go to Los Angeles, for example, you don't see 96 00:05:29,560 --> 00:05:32,520 Speaker 1: them begging on the streets. You see them selling chicklets 97 00:05:32,520 --> 00:05:37,480 Speaker 1: and let us and juices and oranges and flowers. You know, 98 00:05:37,720 --> 00:05:41,160 Speaker 1: you name it. Water. It's a cultural of you know, 99 00:05:41,320 --> 00:05:45,000 Speaker 1: receiving something, receiving value for the value that you give. 100 00:05:45,040 --> 00:05:47,520 Speaker 1: And so that hard work and grit and ethic is 101 00:05:47,520 --> 00:05:50,599 Speaker 1: something that was instilled in me early on, and then 102 00:05:50,680 --> 00:05:54,119 Speaker 1: I took that fast forward to you know, succeeding quite 103 00:05:54,120 --> 00:05:57,000 Speaker 1: well through the sacrifice of my mom in school, but 104 00:05:57,200 --> 00:06:00,880 Speaker 1: really having my own small two businesses in it to Georgia. 105 00:06:00,920 --> 00:06:02,880 Speaker 1: I had a small construction company and I had a 106 00:06:02,920 --> 00:06:06,280 Speaker 1: small consulting company. I sold my construction company and I 107 00:06:06,320 --> 00:06:08,880 Speaker 1: also sold my consulting company and did quite well. But 108 00:06:09,000 --> 00:06:12,880 Speaker 1: again it was entrepreneurialism, this idea of believing in yourself 109 00:06:12,920 --> 00:06:15,520 Speaker 1: and believing in your own skill set and that if 110 00:06:15,560 --> 00:06:19,200 Speaker 1: you work really hard and you put everything that you 111 00:06:19,480 --> 00:06:22,600 Speaker 1: have into something, that you can actually achieve that American dream. 112 00:06:22,960 --> 00:06:25,479 Speaker 1: So I'm curis your parents were very hard working, but 113 00:06:25,560 --> 00:06:30,040 Speaker 1: I get the impression that they really valued education. They did. Yeah, yeah, 114 00:06:30,080 --> 00:06:33,200 Speaker 1: my mom especially valued education. And I have to tell you, dude, 115 00:06:33,240 --> 00:06:36,480 Speaker 1: if it weren't for three educators in my life and 116 00:06:36,640 --> 00:06:39,159 Speaker 1: my mom, I wouldn't be here speaking to you today. 117 00:06:39,720 --> 00:06:43,720 Speaker 1: Three educators that identified some people who had some talent 118 00:06:44,160 --> 00:06:47,120 Speaker 1: and took a vested interest in me, both in my 119 00:06:47,279 --> 00:06:51,000 Speaker 1: elementary school and my junior high, my high school, and 120 00:06:51,000 --> 00:06:53,560 Speaker 1: actually my college. And so I was a first one 121 00:06:53,600 --> 00:06:55,760 Speaker 1: to actually finish high school. I was the first one 122 00:06:55,800 --> 00:06:57,760 Speaker 1: finished college, and I was the first one to finish 123 00:06:57,800 --> 00:07:00,279 Speaker 1: grad school. And I have to tell you, first of all, 124 00:07:00,520 --> 00:07:02,760 Speaker 1: you know, I really owe that to God because the 125 00:07:02,760 --> 00:07:04,880 Speaker 1: path that he said in front of me was amazing. 126 00:07:05,200 --> 00:07:07,880 Speaker 1: It wasn't easy. It wasn't easy, but it was set 127 00:07:07,920 --> 00:07:10,920 Speaker 1: there and had people helping me, educators all along the way. 128 00:07:11,080 --> 00:07:13,280 Speaker 1: So yes, she believed in education, and I believe in 129 00:07:13,280 --> 00:07:16,040 Speaker 1: it as well. Of course, now you became a small 130 00:07:16,040 --> 00:07:21,240 Speaker 1: business entrepreneur yourself. But then he launched this national organization 131 00:07:22,160 --> 00:07:25,200 Speaker 1: which I've been with you in Arizona and elsewhere. You 132 00:07:25,400 --> 00:07:29,000 Speaker 1: really have a substantial impact in both the federal and 133 00:07:29,000 --> 00:07:32,040 Speaker 1: the state level. What led you to conceptualize the job 134 00:07:32,080 --> 00:07:35,280 Speaker 1: Creator's networking to develop it? Well? Of course, you know, 135 00:07:35,360 --> 00:07:38,240 Speaker 1: our founder was actually Bernie Marcus, who really had his 136 00:07:38,320 --> 00:07:40,320 Speaker 1: own amazing story. I mean, he grew up in New 137 00:07:40,400 --> 00:07:43,880 Speaker 1: Jersey and the tenements there also very poor, and was 138 00:07:43,920 --> 00:07:46,880 Speaker 1: fired actually at forty nine, and had this great idea 139 00:07:47,000 --> 00:07:49,920 Speaker 1: of creating a store that had a hardware store or 140 00:07:49,920 --> 00:07:53,520 Speaker 1: a garden shop, etc. All in one place. Hence Home 141 00:07:53,560 --> 00:07:56,320 Speaker 1: Depot a few years later, which is now a thriving 142 00:07:56,400 --> 00:07:59,400 Speaker 1: success employs more than four and twenty thousand people across 143 00:07:59,440 --> 00:08:02,360 Speaker 1: the country, so he actually knows what it was like 144 00:08:02,400 --> 00:08:06,120 Speaker 1: to be a small business owner. And under the Obama administration, 145 00:08:06,120 --> 00:08:09,560 Speaker 1: he was very concerned about what he saw going on. 146 00:08:09,640 --> 00:08:12,400 Speaker 1: And he swears still to this day that if he 147 00:08:12,480 --> 00:08:15,400 Speaker 1: had to start Home Depot under that environment that existed 148 00:08:15,480 --> 00:08:18,280 Speaker 1: under the Obama administration, he would have never been able 149 00:08:18,360 --> 00:08:21,120 Speaker 1: to create the Home Depot, And so he was really 150 00:08:21,160 --> 00:08:24,000 Speaker 1: the genesis of that. When he and I talked about 151 00:08:24,000 --> 00:08:27,120 Speaker 1: me running this organization, I completely understood what he was 152 00:08:27,160 --> 00:08:29,240 Speaker 1: talking about, and I had that same passion that he 153 00:08:29,320 --> 00:08:32,680 Speaker 1: shared from this idea. So you know, the past ten years, 154 00:08:32,720 --> 00:08:34,880 Speaker 1: I've run this organization and knew it. I think we've 155 00:08:34,880 --> 00:08:37,520 Speaker 1: known each other actually more than that, because if you 156 00:08:37,640 --> 00:08:39,960 Speaker 1: recall when you had the great vision of starting the 157 00:08:39,960 --> 00:08:43,000 Speaker 1: American of twenty years ago, I believe I was one 158 00:08:43,040 --> 00:08:46,600 Speaker 1: of your original authors and speakers at those events. So 159 00:08:46,679 --> 00:08:50,079 Speaker 1: I've always had a passion point for this for entrepreneurs. 160 00:08:50,240 --> 00:08:51,959 Speaker 1: And I have to tell you, we're not just doing 161 00:08:52,000 --> 00:08:56,280 Speaker 1: this as Job Creators Network for Republican small businesses, right, 162 00:08:56,600 --> 00:08:58,920 Speaker 1: We're doing this for all small businesses. I mean, there 163 00:08:58,920 --> 00:09:02,360 Speaker 1: are thirty million small businesses out there that employee, sixty 164 00:09:02,559 --> 00:09:07,280 Speaker 1: million people knew. So that's ninety million hard working Americans 165 00:09:07,320 --> 00:09:10,960 Speaker 1: that are dependent on success or failure of small business. 166 00:09:11,040 --> 00:09:13,760 Speaker 1: And so for me, this is a real passion point. 167 00:09:14,040 --> 00:09:16,360 Speaker 1: I know we can make a difference, and we work 168 00:09:16,440 --> 00:09:23,720 Speaker 1: hard for all of our small business whether they're left, center, right, blue, green, yellow, purple, 169 00:09:23,800 --> 00:09:26,160 Speaker 1: I don't really care. If you're a small business, you 170 00:09:26,240 --> 00:09:30,320 Speaker 1: get our advocacy. Well, after the enormous surge in the 171 00:09:30,360 --> 00:09:32,760 Speaker 1: Trump years, it seems to me, and you'd be a 172 00:09:32,840 --> 00:09:35,960 Speaker 1: much more expert than I am, that the whole approach 173 00:09:36,000 --> 00:09:39,320 Speaker 1: to COVID in some states with the maximum lockdown, which 174 00:09:39,320 --> 00:09:42,840 Speaker 1: we now I think no, was unnecessary, but the impact 175 00:09:42,920 --> 00:09:46,400 Speaker 1: that had in crippling small businesses and particularly places that 176 00:09:46,480 --> 00:09:50,240 Speaker 1: had limited resources and limitability to sort of last it 177 00:09:50,280 --> 00:09:53,160 Speaker 1: out to what extent in that sense, if we can 178 00:09:53,160 --> 00:09:56,280 Speaker 1: distinguish them, first the impact of COVID and the way 179 00:09:56,280 --> 00:09:59,960 Speaker 1: in which the public health over responded, and then second 180 00:10:00,000 --> 00:10:04,080 Speaker 1: and the impact of these regulations and taxes that are 181 00:10:04,080 --> 00:10:07,280 Speaker 1: coming down the road on the Widen administration, how do 182 00:10:07,400 --> 00:10:10,840 Speaker 1: those two impact small business? From the PEAKA was at 183 00:10:11,080 --> 00:10:14,400 Speaker 1: in early twenty twenty, Yeah, well that was actually a 184 00:10:14,480 --> 00:10:17,960 Speaker 1: tremendous impact for small businesses. And frankly, I don't think 185 00:10:18,120 --> 00:10:22,600 Speaker 1: in history we've actually seen a more stark difference between 186 00:10:22,640 --> 00:10:26,199 Speaker 1: the way the left operates and then the right operates. 187 00:10:26,280 --> 00:10:29,040 Speaker 1: If you look as a collective, how all of the 188 00:10:29,160 --> 00:10:33,160 Speaker 1: states that were Democratic run states and states that had 189 00:10:33,200 --> 00:10:36,200 Speaker 1: the Republican governors, I mean, look at the differences. First 190 00:10:36,200 --> 00:10:39,960 Speaker 1: of all, unemployment, it was a massive, massive difference. Unemployment 191 00:10:40,080 --> 00:10:42,920 Speaker 1: rates are basically half in those states and what they 192 00:10:42,920 --> 00:10:45,360 Speaker 1: are in the Blue States. And in fact, one of 193 00:10:45,400 --> 00:10:47,559 Speaker 1: the biggest reasons I think we have this low unemployment 194 00:10:47,600 --> 00:10:49,640 Speaker 1: rate is because of that. If you wopped off the 195 00:10:49,720 --> 00:10:53,120 Speaker 1: Republican states, for example, unemployment rates would probably be double 196 00:10:53,160 --> 00:10:55,880 Speaker 1: what they are right now. So thank goodness that the 197 00:10:56,000 --> 00:10:59,280 Speaker 1: Republican governors in those states ran at the way they did, 198 00:11:00,640 --> 00:11:04,199 Speaker 1: found a nice balance between the public health and then 199 00:11:04,240 --> 00:11:06,560 Speaker 1: the health of their economy and the businesses, and in 200 00:11:06,600 --> 00:11:09,760 Speaker 1: particular these small businesses. And if you could see, you 201 00:11:09,760 --> 00:11:13,319 Speaker 1: know whether it was Governor Doocey, governor or Nome, Governor Reynolds, 202 00:11:13,760 --> 00:11:18,040 Speaker 1: of course, Governor kemp here in Georgia, and thence Governor Dessantis. 203 00:11:18,040 --> 00:11:20,680 Speaker 1: Everybody knows what he did down in Florida, which pretty 204 00:11:20,760 --> 00:11:24,640 Speaker 1: much remained open. They were able to balance those two things, 205 00:11:24,679 --> 00:11:29,040 Speaker 1: and I'll have the public hysteria and misinformation really control that. 206 00:11:29,240 --> 00:11:32,320 Speaker 1: And that really really impacted her small businesses because if 207 00:11:32,559 --> 00:11:36,680 Speaker 1: any business between large business and small business was most 208 00:11:36,720 --> 00:11:39,640 Speaker 1: affected by COVID, it wasn't the large businesses, it was 209 00:11:39,679 --> 00:11:42,959 Speaker 1: the small businesses. Many of these businesses had to close 210 00:11:43,040 --> 00:11:46,439 Speaker 1: down and they did not have alternatives like a large 211 00:11:46,440 --> 00:11:49,760 Speaker 1: company is. And many of these were you know, your barbers, 212 00:11:49,800 --> 00:11:52,320 Speaker 1: your pizza places and stuff like that. They didn't have 213 00:11:52,360 --> 00:11:54,720 Speaker 1: the luxury of going back to their homes and working 214 00:11:54,760 --> 00:12:15,440 Speaker 1: from home. Isn't it true historically that small businesses create 215 00:12:15,559 --> 00:12:19,920 Speaker 1: jobs and big businesses actually shrink the total number of employees. Yeah, 216 00:12:19,920 --> 00:12:23,080 Speaker 1: that's absolutely right, because you have productivity at large companies, right, 217 00:12:23,120 --> 00:12:25,479 Speaker 1: that's what they're looking for. They're always looking at productivity. 218 00:12:25,720 --> 00:12:28,360 Speaker 1: If you look at, for example, a lot of these 219 00:12:28,520 --> 00:12:32,559 Speaker 1: larger warehouses, for example, they're pretty much all automated at 220 00:12:32,559 --> 00:12:36,040 Speaker 1: this point. But small business collectively across this country create 221 00:12:36,160 --> 00:12:39,600 Speaker 1: two thirds of new job growth is actually in their hands. 222 00:12:40,080 --> 00:12:43,040 Speaker 1: So when we really talk about where the jobs are 223 00:12:43,080 --> 00:12:45,640 Speaker 1: and where that growth is, it's in the small businesses. 224 00:12:46,120 --> 00:12:47,840 Speaker 1: And then if you think about it, you take a 225 00:12:47,880 --> 00:12:50,160 Speaker 1: step back and you think about the impact that small 226 00:12:50,200 --> 00:12:53,480 Speaker 1: businesses have on our communities. I mean either are the 227 00:12:53,600 --> 00:12:56,480 Speaker 1: backbone of our communities or the backbone of our country. 228 00:12:56,679 --> 00:12:59,080 Speaker 1: I mean, you don't go on a weekend and go 229 00:12:59,120 --> 00:13:01,600 Speaker 1: to a baseball field, go to a soccer field, and 230 00:13:01,679 --> 00:13:04,000 Speaker 1: what does that scoreboards say. It doesn't say Bank of 231 00:13:04,040 --> 00:13:08,640 Speaker 1: America's City, Bank, Delta, Coca Cola. I mean it's Jay's 232 00:13:08,679 --> 00:13:12,800 Speaker 1: pizza shop, It's Joe's tailor shop, right, I mean they're 233 00:13:12,840 --> 00:13:16,760 Speaker 1: the ones that support the community. And without our small businesses, 234 00:13:17,120 --> 00:13:19,520 Speaker 1: we wouldn't have a country. Well, I think that's right, 235 00:13:19,559 --> 00:13:22,120 Speaker 1: and it has been part of the great strength of America. Now, 236 00:13:22,400 --> 00:13:25,959 Speaker 1: you took these insights in this national experience you've had 237 00:13:26,200 --> 00:13:29,480 Speaker 1: working with small businesses all over the country, and you 238 00:13:29,559 --> 00:13:31,880 Speaker 1: then put it into I think what could become one 239 00:13:31,880 --> 00:13:34,679 Speaker 1: of the most important books of our time because it 240 00:13:34,720 --> 00:13:39,840 Speaker 1: really cuts through the left absolute misunderstanding of how progress occurs, 241 00:13:40,200 --> 00:13:45,199 Speaker 1: and that's the real race revolutionaries, how minority entrepreneurship can 242 00:13:45,240 --> 00:13:48,880 Speaker 1: overcome America's racial and economic device. What led you to 243 00:13:48,920 --> 00:13:51,840 Speaker 1: write the book, Well, it was interesting so as you 244 00:13:51,840 --> 00:13:53,839 Speaker 1: had mentioned. You know, in the spring of last year, 245 00:13:53,880 --> 00:13:56,720 Speaker 1: at twenty two, I did a testimony in front of 246 00:13:56,720 --> 00:14:00,680 Speaker 1: the entire House Ways and Means Committee, and it was because, 247 00:14:00,840 --> 00:14:03,200 Speaker 1: you know, what I was really arguing was very different 248 00:14:03,520 --> 00:14:07,319 Speaker 1: what the Democrats. The Democrat members and witnesses, they really 249 00:14:07,440 --> 00:14:12,160 Speaker 1: argued for more big government policies to overcome supposed structural 250 00:14:12,240 --> 00:14:15,120 Speaker 1: racism that were holy minorities back. And I of course 251 00:14:15,440 --> 00:14:20,680 Speaker 1: counter that that reducing the hurdles to entrepreneurship actually, or 252 00:14:20,760 --> 00:14:24,840 Speaker 1: having the government do less and not more, was truly 253 00:14:24,880 --> 00:14:29,200 Speaker 1: the best way to empower minorities to improve their economic outcomes. 254 00:14:29,520 --> 00:14:31,640 Speaker 1: They of course didn't like that newte I have to 255 00:14:31,640 --> 00:14:33,880 Speaker 1: tell you they were very bothered and if it was 256 00:14:33,920 --> 00:14:37,040 Speaker 1: actually very apparent and in fact, I'm taking a couple 257 00:14:37,040 --> 00:14:40,120 Speaker 1: of quotes out of their responses because I had many 258 00:14:40,200 --> 00:14:44,800 Speaker 1: of the minority Democrat members making the comments back to me. 259 00:14:45,320 --> 00:14:47,960 Speaker 1: They were troubled by the rhetoric and claimed that I 260 00:14:48,040 --> 00:14:52,480 Speaker 1: was inappropriate and ignorant to argue that minorities can overcome 261 00:14:52,600 --> 00:14:58,400 Speaker 1: their circumstances through entrepreneurship. Imagine that I'm a Mexican American 262 00:14:58,560 --> 00:15:02,600 Speaker 1: that grew up poor, that actually went through the entire 263 00:15:02,640 --> 00:15:05,560 Speaker 1: American dream to have my own small business. Yet they 264 00:15:05,560 --> 00:15:09,400 Speaker 1: were bothered by my rhetoric and I was inappropriate and ignorance. 265 00:15:09,800 --> 00:15:13,640 Speaker 1: How's that new? Well, of course, the whole attitude of 266 00:15:13,680 --> 00:15:16,800 Speaker 1: the left is you're not allowed to believe these ideas, 267 00:15:16,840 --> 00:15:20,080 Speaker 1: so they can't debate you. They just condemn you. Yeah, 268 00:15:20,080 --> 00:15:22,680 Speaker 1: and that's exactly what they did. And I remember the 269 00:15:22,920 --> 00:15:24,720 Speaker 1: little back and forth that I had with one of 270 00:15:24,760 --> 00:15:27,560 Speaker 1: the congresswoman where right after I had made my statements, 271 00:15:27,560 --> 00:15:29,400 Speaker 1: she looked right at me and she made these comments. 272 00:15:29,640 --> 00:15:32,720 Speaker 1: And I said, Madam congresswoman, I actually am looking for 273 00:15:32,760 --> 00:15:36,080 Speaker 1: an apology from you because you just called me ignorant 274 00:15:36,160 --> 00:15:39,440 Speaker 1: here and inappropriate. She goes, I did not do anything 275 00:15:39,560 --> 00:15:41,800 Speaker 1: like that. I said, Man, you looked right at me. 276 00:15:41,840 --> 00:15:45,400 Speaker 1: You pointed at me. What's interesting is even their own studies. 277 00:15:45,400 --> 00:15:49,400 Speaker 1: There was a Congressional Black Caucus Foundation study which found 278 00:15:49,400 --> 00:15:52,280 Speaker 1: that the media net worth for black business owners is 279 00:15:52,360 --> 00:15:56,640 Speaker 1: twelve times higher than for black non business owners. So 280 00:15:57,040 --> 00:15:59,760 Speaker 1: those black entrepreneurs who do break out and who do 281 00:16:00,440 --> 00:16:03,000 Speaker 1: more a card and figure out how to be successful, 282 00:16:03,560 --> 00:16:07,040 Speaker 1: they actually are now earning and saving far more than 283 00:16:07,080 --> 00:16:10,480 Speaker 1: the average white household. Yeah, that's absolutely right, I mean 284 00:16:10,520 --> 00:16:12,920 Speaker 1: they are making more than their white counterparts. And so 285 00:16:13,320 --> 00:16:15,600 Speaker 1: I mean if you just look at the data, and 286 00:16:15,640 --> 00:16:17,960 Speaker 1: that's the thing that they do not like, right, it's 287 00:16:18,000 --> 00:16:21,840 Speaker 1: that inconvenient truth. If I can use that phrase where 288 00:16:21,880 --> 00:16:24,960 Speaker 1: you present them with that data, then you're right. The 289 00:16:24,960 --> 00:16:27,360 Speaker 1: only thing they can do is start condemning you and 290 00:16:27,520 --> 00:16:30,240 Speaker 1: try to discount you in terms of what you're saying 291 00:16:30,280 --> 00:16:32,960 Speaker 1: and say that you're ignorant and Newton, let me tell 292 00:16:33,000 --> 00:16:35,000 Speaker 1: you that I have been a victim of racism. I 293 00:16:35,080 --> 00:16:39,320 Speaker 1: understand that racism still exists in this country. I remember, oh, 294 00:16:39,440 --> 00:16:41,360 Speaker 1: just about a dozen years or so ago, I was 295 00:16:41,400 --> 00:16:43,640 Speaker 1: in Ohio. I was trying to buy a nice car, 296 00:16:43,760 --> 00:16:46,600 Speaker 1: a luxury car, and I went to the dealership and 297 00:16:46,640 --> 00:16:48,440 Speaker 1: he says, I'm sorry, we don't have a car for 298 00:16:48,480 --> 00:16:49,880 Speaker 1: you to drive. I go, what do you mean? You 299 00:16:49,880 --> 00:16:51,720 Speaker 1: don't have test drives that are like, no, you don't 300 00:16:51,800 --> 00:16:56,480 Speaker 1: understand me. We don't have a car for you to drive. So, look, 301 00:16:56,760 --> 00:16:58,760 Speaker 1: I've been a victim. I get it. I get it. 302 00:16:58,760 --> 00:17:02,440 Speaker 1: It still exists. Well, I know that entrepreneurialism and I 303 00:17:02,480 --> 00:17:05,959 Speaker 1: am actually an example of that. Two small businesses launched 304 00:17:05,960 --> 00:17:09,320 Speaker 1: me my consulting businesses I sold to Sergio Zeman and 305 00:17:09,400 --> 00:17:11,680 Speaker 1: if that name sounds Amailar, because he was the former 306 00:17:11,760 --> 00:17:14,879 Speaker 1: CMO of Coca Cola. And I'm telling you that helped 307 00:17:14,880 --> 00:17:17,560 Speaker 1: me get my career launched and it brought in from there. 308 00:17:17,560 --> 00:17:20,000 Speaker 1: And my construction company did the same thing, And so 309 00:17:20,400 --> 00:17:23,520 Speaker 1: I know, I'm proof positive that entrepreneurship does help. And 310 00:17:23,520 --> 00:17:25,199 Speaker 1: I have to tell you, being in this role as 311 00:17:25,280 --> 00:17:28,480 Speaker 1: CEO of Job Creators Network for ten years, I have 312 00:17:28,680 --> 00:17:34,920 Speaker 1: seen endless countless minority entrepreneurs succeed and be very, very 313 00:17:35,320 --> 00:17:38,400 Speaker 1: appreciative and successful of what this country has been able 314 00:17:38,400 --> 00:17:42,119 Speaker 1: to do for them well. And interestingly, ethnic analysis the 315 00:17:42,160 --> 00:17:45,920 Speaker 1: Federal Reserve data says that Latinos are seventy percent more 316 00:17:46,000 --> 00:17:50,120 Speaker 1: likely to become entrepreneurs than non Hispanic Americans. In fact, 317 00:17:50,880 --> 00:17:53,879 Speaker 1: one out of every four Latinos plans to start a 318 00:17:53,880 --> 00:17:56,680 Speaker 1: business within the next five years, more than twice as 319 00:17:56,720 --> 00:18:00,720 Speaker 1: many as other Americans. Is that just part are the culture? 320 00:18:01,000 --> 00:18:04,560 Speaker 1: Why is there such an enormous focus on entrepreneurship in 321 00:18:04,600 --> 00:18:07,200 Speaker 1: the Latino community. I think it really is. I mean, 322 00:18:07,240 --> 00:18:09,359 Speaker 1: if you think about, you know, some of the countries 323 00:18:09,400 --> 00:18:12,800 Speaker 1: that these Latinos Hispanics come from, some of them were 324 00:18:12,840 --> 00:18:16,280 Speaker 1: from really truly socialist countries where they fled or they 325 00:18:16,320 --> 00:18:18,680 Speaker 1: may have even had a business down there that got 326 00:18:18,720 --> 00:18:21,680 Speaker 1: taken over by the government. And so they're very appreciated. 327 00:18:21,720 --> 00:18:24,880 Speaker 1: Whether you're Nicaraguan, whether you're Cuban. Right, and you come 328 00:18:24,920 --> 00:18:29,480 Speaker 1: here to the United States. Here, small business is celebrated overall, 329 00:18:29,920 --> 00:18:33,840 Speaker 1: probably not enough in my opinion, because given the tremendous 330 00:18:33,880 --> 00:18:36,439 Speaker 1: impact they have in our society, they really should be 331 00:18:36,480 --> 00:18:41,040 Speaker 1: appreciated more. But overall, in some of those countries, actually 332 00:18:41,359 --> 00:18:44,920 Speaker 1: if you fail, because look, we know that success rate 333 00:18:45,040 --> 00:18:47,920 Speaker 1: of a small business is actually probably in the single digits. 334 00:18:48,000 --> 00:18:51,080 Speaker 1: A lot of small businesses fail, right, And I had 335 00:18:51,119 --> 00:18:53,800 Speaker 1: a couple of small businesses myself that I started and failed, right. 336 00:18:54,080 --> 00:18:59,840 Speaker 1: But overall, this country adopts and embraces taking that chance, 337 00:19:00,080 --> 00:19:02,720 Speaker 1: taking that risk, and you're look upon as a hero. 338 00:19:02,840 --> 00:19:05,520 Speaker 1: And some of those countries that some of these minorities 339 00:19:05,560 --> 00:19:07,800 Speaker 1: came from, that's actually not the case, right, That's what 340 00:19:07,920 --> 00:19:11,320 Speaker 1: we found in our research, that is, actually, if you fail, 341 00:19:11,400 --> 00:19:14,960 Speaker 1: that's actually an embarrassment. We're here, you know it isn't. 342 00:19:14,960 --> 00:19:18,160 Speaker 1: And people that do appreciate that, and frankly, people love 343 00:19:18,240 --> 00:19:21,800 Speaker 1: an underdog, and I think small businesses are viewed in 344 00:19:21,840 --> 00:19:25,200 Speaker 1: many cases by the average American as underdogs. In fact, 345 00:19:25,320 --> 00:19:30,480 Speaker 1: we did a hole with Scott Rasmussen that asked Americans 346 00:19:30,520 --> 00:19:33,399 Speaker 1: which institution in this country do you trust most? It 347 00:19:33,520 --> 00:19:40,360 Speaker 1: was like the military, small businesses, politicians, the media. Surprise surprise, politicians, media, etc. 348 00:19:40,680 --> 00:19:44,320 Speaker 1: Were very very low, if almost negative. But at the 349 00:19:44,440 --> 00:19:47,560 Speaker 1: very very top was military and just you know, at 350 00:19:47,560 --> 00:19:51,000 Speaker 1: about seventy eight percent and just about two points under 351 00:19:51,040 --> 00:19:54,720 Speaker 1: seventy six percent was small business. And so in this country, 352 00:19:54,800 --> 00:19:58,919 Speaker 1: small businesses on the average American are truly embraced and 353 00:19:58,960 --> 00:20:02,720 Speaker 1: are appreciated. It's the government that really doesn't appreciate that. 354 00:20:02,800 --> 00:20:06,639 Speaker 1: And it's particular it's the progressive it's the Democrats that 355 00:20:06,800 --> 00:20:09,879 Speaker 1: don't like small business. And my hypothesis on that nude 356 00:20:10,160 --> 00:20:14,679 Speaker 1: is because it represents everything that they hate, everything that 357 00:20:14,720 --> 00:20:20,440 Speaker 1: they detest, right, freedom, capitalism, independence, right. What they want 358 00:20:20,560 --> 00:20:24,200 Speaker 1: is more control, more power, and the governments to tell 359 00:20:24,240 --> 00:20:27,399 Speaker 1: you what to do and control you from cradle to grade. 360 00:20:27,880 --> 00:20:33,720 Speaker 1: If you believe in a control oriented, big government, socialist model, 361 00:20:34,200 --> 00:20:38,040 Speaker 1: then small business terrifies you because that means people are independent, 362 00:20:38,520 --> 00:20:42,240 Speaker 1: they're self reliant, they're producing their own income. They don't 363 00:20:42,280 --> 00:20:46,040 Speaker 1: need you. There's a very interesting struggle between a class 364 00:20:46,080 --> 00:20:49,280 Speaker 1: which wants politicians and bureaucrats to run everything and the 365 00:20:49,320 --> 00:20:52,879 Speaker 1: average American who wants to be basically left alone. And 366 00:20:52,960 --> 00:20:54,960 Speaker 1: I think that's one of the great struggles of our time. 367 00:20:55,440 --> 00:20:57,440 Speaker 1: You talk about and this is something I've talked about 368 00:20:57,440 --> 00:21:00,440 Speaker 1: in the Best the differences between book or two Washington 369 00:21:00,920 --> 00:21:03,720 Speaker 1: and W. E. B. Du Boys on the best way 370 00:21:03,800 --> 00:21:07,199 Speaker 1: for Black Americans to attain racial equality. I think this 371 00:21:07,320 --> 00:21:10,800 Speaker 1: was one of the most important debates and is still 372 00:21:10,840 --> 00:21:13,400 Speaker 1: in a way an ongoing debate. But could you describe 373 00:21:13,440 --> 00:21:15,760 Speaker 1: that a little bit for our listeners. Bottom line is 374 00:21:15,800 --> 00:21:19,159 Speaker 1: what we're seeing today. We believe that free enterprise and 375 00:21:19,280 --> 00:21:24,000 Speaker 1: entrepreneurialism really is the better way to achieve racial equality, 376 00:21:24,040 --> 00:21:28,119 Speaker 1: whereas believes the opposite. And in this particular case, I 377 00:21:28,119 --> 00:21:30,320 Speaker 1: mean they actually, I would say, is kind of the 378 00:21:30,359 --> 00:21:33,760 Speaker 1: precursor on that side of the Democrat Party, and Booker 379 00:21:33,840 --> 00:21:36,600 Speaker 1: Washington Moore is the precursor of what we do now, 380 00:21:36,600 --> 00:21:39,439 Speaker 1: which is we do believe in that hard work is 381 00:21:39,440 --> 00:21:43,280 Speaker 1: the ultimate way of achieving economic success in racial equality. 382 00:21:43,720 --> 00:21:47,040 Speaker 1: But again, the Democrats just don't believe that right. They 383 00:21:47,160 --> 00:21:51,160 Speaker 1: always believe that government intervention is the answer almost for everything. 384 00:21:51,440 --> 00:21:53,800 Speaker 1: What's that old saying, newte If all you have in 385 00:21:53,840 --> 00:21:56,520 Speaker 1: your toolbox is a hammer, everything looks like a nail. 386 00:21:56,800 --> 00:21:58,639 Speaker 1: They used to say that the Liberals d up in 387 00:21:58,640 --> 00:22:01,000 Speaker 1: the mordy to go the answers more government. What was 388 00:22:01,040 --> 00:22:06,320 Speaker 1: the question, right exactly? And that's exactly right. And so look, 389 00:22:06,359 --> 00:22:10,720 Speaker 1: I mean, we this is not a hypothesis anymore. We 390 00:22:10,800 --> 00:22:13,560 Speaker 1: saw this from the Tax and Jobs Act. We saw 391 00:22:13,560 --> 00:22:16,119 Speaker 1: the some of the Trump administration when you had that 392 00:22:16,320 --> 00:22:21,320 Speaker 1: environment that promoted free enterprise, that promoted capitalism, that allowed 393 00:22:21,359 --> 00:22:25,080 Speaker 1: small businesses to thrive for lower taxes and lower regulation. 394 00:22:25,680 --> 00:22:28,600 Speaker 1: We saw the success that it had, and Nude, I 395 00:22:28,680 --> 00:22:30,880 Speaker 1: know that you and I. At the end of last year, 396 00:22:30,960 --> 00:22:34,680 Speaker 1: we actually launched the American Small Business Prosperity Plan, which 397 00:22:34,720 --> 00:22:38,000 Speaker 1: is eight points which I think are very achievable points, 398 00:22:38,000 --> 00:22:40,560 Speaker 1: and we're looking forward to working with the new Congress 399 00:22:40,560 --> 00:22:42,959 Speaker 1: on getting those achieved. But I have to tell you 400 00:22:43,000 --> 00:22:46,000 Speaker 1: one of those, if you remember, is actually what's called 401 00:22:46,040 --> 00:22:49,679 Speaker 1: Sabrifa reform, actually that we're looking at doing. Sabrifa is 402 00:22:49,720 --> 00:22:53,000 Speaker 1: just basically a really fancy term, but It basically says 403 00:22:53,080 --> 00:22:57,200 Speaker 1: that certain agencies are required to actually show the impact 404 00:22:57,760 --> 00:22:59,480 Speaker 1: that some of the regulations are going to have in 405 00:22:59,520 --> 00:23:02,640 Speaker 1: small business is actually not many of those agencies actually 406 00:23:02,640 --> 00:23:06,080 Speaker 1: go through that. Interestingly enough, well guess what we're going 407 00:23:06,119 --> 00:23:08,880 Speaker 1: to do. And if you remember this, but we're recommending, 408 00:23:08,920 --> 00:23:12,000 Speaker 1: of course, let's turn that on its head, right, Let's 409 00:23:12,000 --> 00:23:14,560 Speaker 1: turn that argument on its head, and let's actually say 410 00:23:15,000 --> 00:23:20,679 Speaker 1: that going forward, all new regulations, small businesses are automatically exempted. 411 00:23:21,080 --> 00:23:24,359 Speaker 1: The onus is on the agencies to prove that they 412 00:23:24,359 --> 00:23:28,400 Speaker 1: should actually be included in that regulation. I think that's 413 00:23:28,440 --> 00:23:30,760 Speaker 1: a game changer for our small business I think that's 414 00:23:30,760 --> 00:23:33,719 Speaker 1: a brilliant idea because, for example, the vote that just 415 00:23:33,800 --> 00:23:37,920 Speaker 1: literally happened where they repealed in the House the eighty 416 00:23:37,960 --> 00:23:41,159 Speaker 1: seven thousand new IRS agents, and there's no question in 417 00:23:41,200 --> 00:23:44,720 Speaker 1: my mind the overwhelming bulk of those agents were going 418 00:23:44,760 --> 00:23:48,240 Speaker 1: to harass small businesses. Absolutely true. I mean, I don't 419 00:23:48,280 --> 00:23:51,480 Speaker 1: even know how these Democrats can say with a straight 420 00:23:51,560 --> 00:23:55,320 Speaker 1: face that small businesses weren't the target. I mean, if 421 00:23:55,359 --> 00:23:57,680 Speaker 1: you even think about that one rule that got pushed 422 00:23:57,720 --> 00:24:00,840 Speaker 1: aside for one year, the six hundred dollars or more 423 00:24:00,840 --> 00:24:03,600 Speaker 1: reporting I mean, really, do you think, like you know, 424 00:24:03,680 --> 00:24:06,080 Speaker 1: Bernie Marcus is actually going to be doing zells for 425 00:24:06,119 --> 00:24:09,639 Speaker 1: six hundred dollars. I mean, this is small businesses that 426 00:24:09,720 --> 00:24:13,000 Speaker 1: were completely going to be impacted by all these regulations 427 00:24:13,320 --> 00:24:16,440 Speaker 1: and also the Inflation Reduction Act, right, the elements that 428 00:24:16,480 --> 00:24:19,320 Speaker 1: are included in there, these are all targeted to the 429 00:24:19,320 --> 00:24:21,960 Speaker 1: small business And thank goodness that we repeal the funding 430 00:24:21,960 --> 00:24:25,040 Speaker 1: for those eighty seven thousand agents because they're absolutely right. 431 00:24:25,359 --> 00:24:28,680 Speaker 1: The only targets were going to be small businesses because 432 00:24:28,720 --> 00:24:32,200 Speaker 1: guess what, they don't have the resources to fight back, 433 00:24:32,400 --> 00:24:35,920 Speaker 1: so all they can do is pretty much rollover and pay. 434 00:24:36,400 --> 00:24:38,679 Speaker 1: Even though they were right or not, They're just not 435 00:24:38,720 --> 00:24:40,800 Speaker 1: going to fight the federal government. You know, really big 436 00:24:40,840 --> 00:24:47,160 Speaker 1: corporations have entire sections of lawyers, so General Motors or 437 00:24:47,200 --> 00:24:50,080 Speaker 1: for that matter, Amazon, they can play games with the 438 00:24:50,080 --> 00:24:52,879 Speaker 1: federal government all day because the lawyers are already on staff. 439 00:24:53,640 --> 00:24:56,480 Speaker 1: But if you're a small business, it crushes you if 440 00:24:56,520 --> 00:24:58,680 Speaker 1: you have to get no running fight. Plus it takes 441 00:24:58,720 --> 00:25:00,520 Speaker 1: your personal time. And one of the things people to 442 00:25:00,680 --> 00:25:03,960 Speaker 1: realize is if you're a very small business, you're the 443 00:25:04,000 --> 00:25:07,600 Speaker 1: person filling out all that federal paperwork. You're taking time 444 00:25:07,640 --> 00:25:10,879 Speaker 1: away from earning a living. It's basically working for the 445 00:25:10,880 --> 00:25:14,000 Speaker 1: federal government for no fee. I remember when we were 446 00:25:14,040 --> 00:25:15,880 Speaker 1: a few years back, we were on the Bring Small 447 00:25:15,920 --> 00:25:18,920 Speaker 1: Businesses Back tour. I was out in Chicago and I 448 00:25:18,960 --> 00:25:22,520 Speaker 1: was talking to a Hispanic grocery owner and he was 449 00:25:22,560 --> 00:25:25,639 Speaker 1: telling me that the new regulations cost him about one 450 00:25:25,680 --> 00:25:29,399 Speaker 1: hundred and twenty thousand dollars a year to keep up 451 00:25:29,400 --> 00:25:31,879 Speaker 1: with compliance. Think about that, and you know what the 452 00:25:31,960 --> 00:25:37,240 Speaker 1: margins are on the grocery store about one percent one percent, 453 00:25:37,440 --> 00:25:39,920 Speaker 1: and he had about one hundred and twenty thousand dollars 454 00:25:39,960 --> 00:25:43,199 Speaker 1: of annual costs just to hire people for compliance. In 455 00:25:43,359 --> 00:25:46,960 Speaker 1: your work with the Job Creator's Network, what's your sense 456 00:25:47,000 --> 00:25:51,520 Speaker 1: of the impact of legal immigrants on entrepreneurship in America? Nude, 457 00:25:51,520 --> 00:25:54,960 Speaker 1: It's absolutely huge. I mean it's something that across the board. 458 00:25:54,960 --> 00:25:57,679 Speaker 1: If you look at all the small businesses, the sheer 459 00:25:57,760 --> 00:26:01,040 Speaker 1: majority of small business in this country are minority owned, 460 00:26:01,440 --> 00:26:05,479 Speaker 1: and it is from legal immigrants that come over. Illegal 461 00:26:05,480 --> 00:26:08,840 Speaker 1: immigrants is a separate topic, but the legal migration over 462 00:26:09,280 --> 00:26:12,679 Speaker 1: really has been something that has been the cornerstone of 463 00:26:12,680 --> 00:26:15,680 Speaker 1: this country. If you think all the way back to Italians, 464 00:26:15,840 --> 00:26:19,560 Speaker 1: the Irish, etc. I mean, it has been something that 465 00:26:19,680 --> 00:26:22,840 Speaker 1: has been huge. We worked very closely with an organization 466 00:26:22,920 --> 00:26:25,920 Speaker 1: called a HOE of the Asian American Hotel Owners Association. 467 00:26:26,760 --> 00:26:31,160 Speaker 1: It is an amazing organization of Indian Americans that came 468 00:26:31,200 --> 00:26:33,679 Speaker 1: over from India that know what a cast system is, 469 00:26:34,160 --> 00:26:36,880 Speaker 1: know that there is no middle class there, right, it's 470 00:26:36,920 --> 00:26:40,280 Speaker 1: really an elite class and a lower class. They left there. 471 00:26:40,320 --> 00:26:43,240 Speaker 1: They come here and they see all the opportunity there 472 00:26:43,320 --> 00:26:46,880 Speaker 1: is in this huge booming middle class that does exist 473 00:26:47,520 --> 00:26:50,720 Speaker 1: here in this country like almost in no other country exists, 474 00:26:51,000 --> 00:26:53,720 Speaker 1: and they know that they can apply themselves, They can 475 00:26:53,760 --> 00:26:56,280 Speaker 1: apply that hard work and they can achieve anything here 476 00:26:56,320 --> 00:26:59,879 Speaker 1: because they have the abilities and they actually have the 477 00:27:00,119 --> 00:27:03,600 Speaker 1: opportunity that becomes them. You know you were talking earlier 478 00:27:03,600 --> 00:27:07,800 Speaker 1: about the governors during COVID. We actually last year launched 479 00:27:07,840 --> 00:27:11,960 Speaker 1: a project called the Great Opportunity Project GOP for short. 480 00:27:12,320 --> 00:27:15,679 Speaker 1: That's our humble attempt at redefining the GOP from the 481 00:27:15,720 --> 00:27:19,080 Speaker 1: Grand Old Party. We're calling it the Great Opportunity Project. 482 00:27:19,359 --> 00:27:23,879 Speaker 1: But that's really what this country is. It's creating opportunity, 483 00:27:24,080 --> 00:27:27,240 Speaker 1: and migrants that come over here understand that that opportunity 484 00:27:27,280 --> 00:27:31,480 Speaker 1: exists for them and they can work hard. It's not easy, 485 00:27:31,520 --> 00:27:34,119 Speaker 1: but they all know and appreciate. We heard, you know, 486 00:27:34,160 --> 00:27:36,440 Speaker 1: the story of a seven to eleven owner, and that 487 00:27:36,560 --> 00:27:40,000 Speaker 1: was a minority out in the Midwest that got his start. 488 00:27:40,080 --> 00:27:43,240 Speaker 1: He was a legal immigrant, got to start literally being 489 00:27:43,280 --> 00:27:46,119 Speaker 1: a clerk at the seven to eleven and today owns 490 00:27:46,240 --> 00:27:48,960 Speaker 1: an entire seven eleven himself. And so there are stories, 491 00:27:49,080 --> 00:27:52,400 Speaker 1: endless stories like that. New Now I've talked to the 492 00:27:52,560 --> 00:27:56,720 Speaker 1: Asian American Hotel Owners Association. About three thousand people were 493 00:27:56,720 --> 00:27:59,720 Speaker 1: there and it was amazing. I think they have forty 494 00:28:00,040 --> 00:28:03,080 Speaker 1: some of the hotel rooms in United States. And they're 495 00:28:03,119 --> 00:28:06,080 Speaker 1: passionate about the rule of law because they've seen in 496 00:28:06,119 --> 00:28:10,000 Speaker 1: a number of countries, particularly in Africa, where the Indian 497 00:28:10,160 --> 00:28:14,800 Speaker 1: entrepreneur class just literally had everything stolen, and so they're 498 00:28:14,840 --> 00:28:19,360 Speaker 1: passionate about enforcing the rule of law, maintaining safety so 499 00:28:19,400 --> 00:28:23,080 Speaker 1: that you can earn a living, own property, not think 500 00:28:23,160 --> 00:28:25,480 Speaker 1: some politician is going to rip you off. It was 501 00:28:25,600 --> 00:28:29,280 Speaker 1: very compelling to me how profoundly conservative they were in 502 00:28:29,320 --> 00:28:31,760 Speaker 1: the best sense of the word. Yeah, it really is. 503 00:28:31,840 --> 00:28:34,159 Speaker 1: And in fact, a few years ago, remember when we 504 00:28:34,200 --> 00:28:36,960 Speaker 1: took on the fight with the National Labor relations board 505 00:28:37,359 --> 00:28:39,800 Speaker 1: for the whole joint employer stuff, which, by the way, 506 00:28:40,240 --> 00:28:42,080 Speaker 1: we got to do that fight again, you and I 507 00:28:42,240 --> 00:28:44,960 Speaker 1: because it's come back. It's come back around. They're trying 508 00:28:45,000 --> 00:28:48,120 Speaker 1: to bring back join employer again. But that was really 509 00:28:48,160 --> 00:28:50,720 Speaker 1: going to devastate the franchise industry, which, by the way, 510 00:28:50,760 --> 00:28:54,000 Speaker 1: the franchise industry is the number one way actually that 511 00:28:54,080 --> 00:28:57,400 Speaker 1: minorities have been able to enter kind of that American 512 00:28:57,480 --> 00:29:00,640 Speaker 1: dream through franchises. So it's very, very important that we 513 00:29:00,760 --> 00:29:03,200 Speaker 1: keep that franchise model the way it is and not 514 00:29:03,320 --> 00:29:05,240 Speaker 1: change it to what the way the Democrats want to do. 515 00:29:05,800 --> 00:29:09,440 Speaker 1: But we had actually in Tampa and other local cities, 516 00:29:09,560 --> 00:29:13,120 Speaker 1: we actually had local demonstrations at the local Anal ORB offices, 517 00:29:13,200 --> 00:29:15,760 Speaker 1: which I have to tell you New completely freaked them 518 00:29:15,760 --> 00:29:19,040 Speaker 1: out because they've never seen conservatives in business owners actually 519 00:29:19,440 --> 00:29:23,240 Speaker 1: protest with actual signs. But guests who showed up the 520 00:29:23,280 --> 00:29:27,480 Speaker 1: most in mass the Asian American Hotel Owner Association members. 521 00:29:27,760 --> 00:29:30,280 Speaker 1: And I asked them why, and they said, because we 522 00:29:30,360 --> 00:29:34,360 Speaker 1: saw in India what happened right when the government takes over, 523 00:29:34,800 --> 00:29:38,480 Speaker 1: we lose the entire middle class, and we don't want 524 00:29:38,520 --> 00:29:56,120 Speaker 1: that to happen here. One of the fashionating things you 525 00:29:56,200 --> 00:29:59,800 Speaker 1: talked about was Madam C. J. Walker, who was a 526 00:30:00,040 --> 00:30:03,400 Speaker 1: black entrepreneur who became the country's first self made female 527 00:30:03,560 --> 00:30:07,000 Speaker 1: millionaire way back in the early twentieth century, which is 528 00:30:07,040 --> 00:30:10,080 Speaker 1: really amazing because I think she was born shortly after 529 00:30:10,120 --> 00:30:13,520 Speaker 1: the Emancipation Proclamation and the first in her family not 530 00:30:13,680 --> 00:30:16,200 Speaker 1: born into a life of slavery. Why did you pick 531 00:30:16,240 --> 00:30:18,800 Speaker 1: her and what a lesson do you learn from her? Well, 532 00:30:18,800 --> 00:30:21,000 Speaker 1: it's just really interesting, right because, yeah, she was a 533 00:30:21,080 --> 00:30:24,120 Speaker 1: slave at one point, and right after the emancipation she 534 00:30:24,240 --> 00:30:27,840 Speaker 1: decided she had this great idea for hair products targeting 535 00:30:27,840 --> 00:30:30,880 Speaker 1: the black population, and frankly, it's one of the biggest 536 00:30:30,880 --> 00:30:33,320 Speaker 1: ones to do that now. But she had that vision, 537 00:30:33,400 --> 00:30:36,600 Speaker 1: she had that insight and belief in herself that she 538 00:30:36,600 --> 00:30:38,760 Speaker 1: could do this. And I actually have a poster in 539 00:30:38,800 --> 00:30:41,880 Speaker 1: the other room of one of her products because it 540 00:30:41,960 --> 00:30:46,800 Speaker 1: reminds me that no matter what the circumstances were, right, yes, 541 00:30:46,920 --> 00:30:49,960 Speaker 1: they were victims of slavery, I get that, right, But 542 00:30:50,320 --> 00:30:53,200 Speaker 1: after that, right, you have an opportunity in this country 543 00:30:53,240 --> 00:30:57,200 Speaker 1: to break free from that and use entrepreneurialism, right to 544 00:30:57,440 --> 00:31:00,480 Speaker 1: change where you came from and create a whole new 545 00:31:00,520 --> 00:31:03,239 Speaker 1: destiny for yourself, and I think she was just a 546 00:31:03,280 --> 00:31:06,720 Speaker 1: great model of that belief. These are not the stories 547 00:31:06,760 --> 00:31:09,280 Speaker 1: the left ones to tell. Oh yeah, no, not at all. 548 00:31:09,760 --> 00:31:12,440 Speaker 1: Yeah yeah, she's not going to feature in Black History 549 00:31:12,480 --> 00:31:16,080 Speaker 1: Month in a left wing course because she's successful and 550 00:31:16,200 --> 00:31:19,920 Speaker 1: she's an example that hard work and ingenuity actually gets 551 00:31:19,920 --> 00:31:24,000 Speaker 1: you somewhere. Walk us through the American Small Business Prospecting plans. 552 00:31:24,040 --> 00:31:26,680 Speaker 1: Just outline the key parts of that plan for our 553 00:31:26,680 --> 00:31:29,640 Speaker 1: listeners so they can understand what they should be talking 554 00:31:29,960 --> 00:31:33,280 Speaker 1: to their House and Senate members about. The main provisions 555 00:31:33,520 --> 00:31:36,320 Speaker 1: of the Tax and Jobs Act that impacted small businesses 556 00:31:36,840 --> 00:31:39,840 Speaker 1: was the tax reductions, but those were temporary and expired 557 00:31:39,880 --> 00:31:42,800 Speaker 1: in twenty twenty five. That's not a lot of time 558 00:31:42,840 --> 00:31:45,760 Speaker 1: for small business owners to really start planning, right, So 559 00:31:45,800 --> 00:31:50,680 Speaker 1: we need to really push to make that permanent tax deduction. 560 00:31:51,160 --> 00:31:53,000 Speaker 1: And frankly, I would actually even like to go a 561 00:31:53,000 --> 00:31:55,000 Speaker 1: little bit more and try to see if we can 562 00:31:55,000 --> 00:31:57,440 Speaker 1: get them further reduced, but we have to make that 563 00:31:57,560 --> 00:32:01,200 Speaker 1: our number one priority. The other one we take great 564 00:32:01,240 --> 00:32:05,600 Speaker 1: interest in is the whole Sabrifa reform, turning this entire 565 00:32:05,920 --> 00:32:11,080 Speaker 1: idea of regulations basically being such a burden on these 566 00:32:11,120 --> 00:32:14,200 Speaker 1: small businesses. If you think about dot frank. A few 567 00:32:14,280 --> 00:32:18,000 Speaker 1: years ago, seventeen hundred community banks new went out of 568 00:32:18,040 --> 00:32:20,960 Speaker 1: business because of dot frank because they couldn't stand the 569 00:32:21,040 --> 00:32:25,000 Speaker 1: regulation that caused. And guess where those community banks mostly 570 00:32:25,080 --> 00:32:29,160 Speaker 1: like in minority communities, right. So access to capital is 571 00:32:29,200 --> 00:32:31,880 Speaker 1: another one that we address in here is really critical, 572 00:32:31,920 --> 00:32:35,800 Speaker 1: and fintech is something that Democrats are really attacking here 573 00:32:36,120 --> 00:32:38,240 Speaker 1: and we need to make sure that that thrives because 574 00:32:38,720 --> 00:32:42,120 Speaker 1: with community banks gone, it's just harder and harder for 575 00:32:42,320 --> 00:32:45,040 Speaker 1: that credit to be extended to minority small business owners. 576 00:32:45,600 --> 00:32:47,520 Speaker 1: You and I also talked about something that I know 577 00:32:47,560 --> 00:32:50,880 Speaker 1: you're passionate about, which is basically a work requartment if 578 00:32:50,880 --> 00:32:54,040 Speaker 1: you're receiving government aid. And I think that's something that 579 00:32:54,080 --> 00:32:57,800 Speaker 1: can really help address the worker shortage issue across this 580 00:32:57,880 --> 00:33:00,360 Speaker 1: country because that is something that we need to address. 581 00:33:00,600 --> 00:33:03,160 Speaker 1: And I think this work requirement thing is something that 582 00:33:03,200 --> 00:33:06,400 Speaker 1: I completely embrace. I told you my little story about 583 00:33:06,560 --> 00:33:09,400 Speaker 1: my mom and I at our church, and that's the 584 00:33:09,440 --> 00:33:11,800 Speaker 1: work ethic that I think we should be able to 585 00:33:11,840 --> 00:33:15,360 Speaker 1: instill once again. And unfortunately, by the way, under this 586 00:33:15,400 --> 00:33:19,640 Speaker 1: administration over the past two years, that great American work 587 00:33:19,640 --> 00:33:23,440 Speaker 1: ethic that really was I think the beacon of hope, 588 00:33:23,480 --> 00:33:26,640 Speaker 1: so to speak, across the globe that has been destroyed, 589 00:33:27,120 --> 00:33:29,400 Speaker 1: and we need to make sure that that comes back. 590 00:33:29,920 --> 00:33:33,880 Speaker 1: Fighting China from a supply chain issue is another another 591 00:33:34,040 --> 00:33:37,280 Speaker 1: major component that we need to talk about because that 592 00:33:37,440 --> 00:33:39,720 Speaker 1: is something that we need to be able to address 593 00:33:39,800 --> 00:33:42,920 Speaker 1: and bring back the critical supply chains back here to 594 00:33:42,960 --> 00:33:45,560 Speaker 1: our country. And that's one thing new that I was 595 00:33:45,680 --> 00:33:49,880 Speaker 1: very disappointed with the Chip back because while that was 596 00:33:49,960 --> 00:33:54,600 Speaker 1: bringing back production of semiconductors back to our country, there 597 00:33:54,680 --> 00:33:58,320 Speaker 1: was very very little opportunity in that bill for small 598 00:33:58,400 --> 00:34:01,959 Speaker 1: business owners. There's should have been an allocation or something 599 00:34:01,960 --> 00:34:04,160 Speaker 1: that allowed for small business owners to be able to 600 00:34:04,200 --> 00:34:09,279 Speaker 1: participate in that move of bringing production back. Another one 601 00:34:09,440 --> 00:34:12,120 Speaker 1: which you and I have talked a lot about is 602 00:34:12,200 --> 00:34:15,520 Speaker 1: healthcare costs. Healthcare for you is a project that we 603 00:34:15,560 --> 00:34:17,360 Speaker 1: had worked on and I know you had worked on 604 00:34:17,520 --> 00:34:20,879 Speaker 1: with us as well, to try to get something that's 605 00:34:20,960 --> 00:34:25,640 Speaker 1: more doctor centric and that maintains the patient doctor relationship, 606 00:34:26,280 --> 00:34:28,920 Speaker 1: but does it in a way that's actually affordable for 607 00:34:28,960 --> 00:34:32,520 Speaker 1: our small businesses, because right now it's completely unaffordable for 608 00:34:32,560 --> 00:34:35,880 Speaker 1: our small businesses. It costs about twenty seven thousand dollars 609 00:34:35,920 --> 00:34:38,879 Speaker 1: a year for an average small businesses to actually have 610 00:34:39,040 --> 00:34:42,759 Speaker 1: healthcare provided further patients. These are the primary items that 611 00:34:42,840 --> 00:34:45,399 Speaker 1: we want to address. We have three others that are 612 00:34:45,400 --> 00:34:48,279 Speaker 1: in there as well, but for me in this year, 613 00:34:48,719 --> 00:34:51,680 Speaker 1: those are our priorities. I look forward to working with you. 614 00:34:51,719 --> 00:34:54,799 Speaker 1: I'm actually encouraged by the opening steps of the new 615 00:34:54,920 --> 00:34:58,839 Speaker 1: House of Representatives. We have bigger challenges than the Senate. Well, 616 00:34:58,840 --> 00:35:02,080 Speaker 1: we also have some early opportunities because there are so 617 00:35:02,120 --> 00:35:05,560 Speaker 1: many senators up for reelection in twenty twenty four. So 618 00:35:05,920 --> 00:35:08,200 Speaker 1: I look forward to working with the Job Creator's Network 619 00:35:08,200 --> 00:35:10,600 Speaker 1: and I recommend to all of our listeners to get 620 00:35:10,640 --> 00:35:15,719 Speaker 1: the real race revolutionaries how minority entrepreneurship can overcome America's 621 00:35:15,800 --> 00:35:18,359 Speaker 1: racial and economic divides. It will be on our showpage 622 00:35:18,520 --> 00:35:21,600 Speaker 1: at newtsworld dot com, so everybody can order a copy 623 00:35:21,640 --> 00:35:24,240 Speaker 1: and tell their friends about it. But I really commend 624 00:35:24,320 --> 00:35:26,680 Speaker 1: you for the hard work you're doing at jobs Creator 625 00:35:26,760 --> 00:35:30,440 Speaker 1: Network and the innovative ways you approach this and communicate. 626 00:35:30,840 --> 00:35:33,520 Speaker 1: And I want to thank you for joining me on Newsworld. Well, 627 00:35:33,520 --> 00:35:35,160 Speaker 1: thank you very much now it again. It was a 628 00:35:35,200 --> 00:35:37,759 Speaker 1: great honor and really appreciate it and look forward as 629 00:35:37,800 --> 00:35:41,359 Speaker 1: well to working with you and getting the job done. 630 00:35:43,520 --> 00:35:45,680 Speaker 1: Thank you to my guest, how Freid of artis. You 631 00:35:45,680 --> 00:35:47,600 Speaker 1: can get a link to buy his new book, The 632 00:35:47,800 --> 00:35:53,200 Speaker 1: Real Race Revolutionaries, How Minority Entrepreneurship can overcome America's racial 633 00:35:53,239 --> 00:35:57,759 Speaker 1: and economic divides on our show page at newtsworld dot com. 634 00:35:57,920 --> 00:36:01,320 Speaker 1: News World is produced by getting Which three six and iHeartMedia. 635 00:36:01,680 --> 00:36:06,560 Speaker 1: Our executive producer is Garnsey Slum. Our producer is Rebecca Howe, 636 00:36:06,800 --> 00:36:10,400 Speaker 1: and our researcher is Rachel Peterson. The artwork for the 637 00:36:10,440 --> 00:36:14,319 Speaker 1: show was created by Steve Penley. Special thanks to the 638 00:36:14,320 --> 00:36:17,520 Speaker 1: team at Gingrich three sixty. If you've been enjoying newts World, 639 00:36:17,760 --> 00:36:20,640 Speaker 1: I hope you'll go to Apple Podcast and both rate 640 00:36:20,719 --> 00:36:23,680 Speaker 1: us with five stars and give us a review so 641 00:36:23,760 --> 00:36:27,200 Speaker 1: others can learn what it's all about. Right now, listeners 642 00:36:27,200 --> 00:36:30,000 Speaker 1: of news World can sign up for my three free 643 00:36:30,000 --> 00:36:35,680 Speaker 1: weekly columns at gangwire dot com slash newsletter. I'm Newt Gangridge. 644 00:36:35,960 --> 00:36:37,040 Speaker 1: This is news World.