US media: The US entrepreneurial tide is in crisis and start-ups are struggling to survive
Overseas Network, October 18. The US “Capitol Hill” commented on the 17th that the entrepreneurial tide in the United States is now in recession and is in danger. Amid a host of recent risks and challenges, millions of startups and mainstream companies across the United States are struggling to make ends meet.
Recently, inflation and soaring energy prices have led to higher operating costs and lower purchasing power for US companies; supply chain crises have limited company stocks and raised prices; at the same time, the stock market tug-of-war has fueled fears of an impending recession. If large entrepreneurs and small business owners begin to lose confidence, or even simply “close their doors,” the general economic situation in the United States will be in serious trouble.
The article said that the U.S. Congress should put support for small businesses and start-ups, such as lowering taxes, on the agenda. However, some people in Washington want to stop tax cuts and Congress is still considering tax increases for some eligible companies. Additionally, some unnecessary government regulations have also hindered the entrepreneurship path for many Americans, as entrepreneurs have to spend a large portion of their startup funds to hire well-paid lawyers. At a time when the US economy is extremely unstable, Congress has a responsibility to help small businesses weather the economic storm.
