PPI INFLATION A MAJOR DRAG ON SMALL BUSINESSES, JCN SAYS

Washington, D.C. (February 16, 2023) – Today, Alfredo Ortiz, president and CEO of Job Creators Network, released the following statement in response to the latest Bureau of Labor Statistics Producer Price Index (PPI) report, which revealed a 6.0 percent PPI increase year-over-year:

“Today’s PPI report is another reminder of the inflationary U.S. economy and the difficult obstacles facing small businesses across America. Regrettably, instead of fighting inflation and reigning-in federal spending, the Biden administration has aggressively pursued a reckless policy agenda that is squeezing the already thin margins of small businesses. Congress must act quickly to address the core concerns faced by small businesses, and work to implement a bipartisan policy agenda outlined in JCN’s American Small Business Prosperity Plan — an eight-point policy blueprint that is endorsed by Speaker of the House Kevin McCarthy.”

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Job Creators Network is a nonpartisan organization founded by entrepreneurs who believe that many government policies are getting in the way of the economic freedom that helped make this country prosperous. To learn more, please visit www.jobcreatorsnetwork.com