Kamala Harris Administration

Anti-Business

and

Anti-Economy Act

Padmini Arhant

There is no doubt Americans going to the polls and those who have already cast their ballots are confronted with the main issue affecting overwhelming majority across the party lines and independent voters in the country and that is;

ECONOMY, INFLATION, INTEREST RATES and TAXES.

To make matters worse, the Harris administration anti-business and anti-economy act has significantly exacerbated business opportunities and sustainability with regulations such as this.

Important Notice _ Beneficial Ownership Information Reporting (BOIR) to FinCen.

The Corporate Transparency Act (CTA) came into effect on January 1, 2024, with the goal of curbing illicit financial activities.

This legislation requires all U.S. small businesses to file Beneficial Ownership Information Reports (BOIR) with the Department of the Treasury.

This requirement applies to companies in all 50 states, the District of Columbia, and any U.S. territory where a company is created or registered by filing with a secretary of state or equivalent office. Unless a company qualifies for an exemption, it must submit its beneficial ownership information to FinCEN.

FinCEN began accepting reports on January 1, 2024.

Considering the complexity and importance of these new regulations,

What You Need to Know:

• Who Must File: U.S. small businesses, including corporations, LLCs, and similar entities, are required to report their beneficial owners.
• What to File: You must provide information on individuals who directly or indirectly own or control 25% or more of the company, as well as those who exercise significant control over it.
• Deadline: Initial reports must be filed promptly to avoid potential penalties.

Penalties for Non-Compliance:

Individuals who willfully violate the BOI reporting requirements may face civil penalties of up to $500 per day for each day the violation continues, with the amount adjusted for inflation (currently $591).

Criminal penalties may include up to two years of imprisonment and fines of up to $10,000 for willfully failing to file, filing false information, or failing to update previously reported details.”

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It can’t get any drastic in terms of anti-business, anti-economic progress and prosperity executed by incumbent Harris administration.

The corporations of any size and small-business is the core integral sector of any economy creating jobs, maintaining supply chain to retail industry and enabling e-commerce behemoth like Amazon in becoming Amazon within two decades of its presence in the online market place.

There are several other small and medium businesses as well as corporations that are badly affected by such regulations. The government hard line approach with threats of exorbitant penalties applied on daily basis together with imprisonment is anti-democratic writ large.

Not to mention the federal government action expediting banana republic status that many businesses are subject to since 2021 – 2024.

Small business and many corporations have barely recovered from the pandemic inflicted losses with many even succumbed to Harris administration imposed draconian lockdown tied to fines and jail term on the breach.

The public knowledge on Harris administration violations of own laws during and after COVID 19 had generated frustration and angst over politics flouting rules and laws without any consequences due to political immunity.

Whereas the same is pursued by Harris administration with rigorous punishment as detailed in the BOIR REPORTING.

Harris administration determined to wipe out small businesses, retail economy, private and personal investments has been prevalent in 2021 – 2024.

All the more reason to vote for Donald Trump 2024, who understands the adverse effects of excess taxing and over regulated economic policy.

The Republican contender Trump is committed to lifting small businesses and private investors prospects with prudent economic measures eliminating intimidating government practices against businesses endured under incumbent Harris administration.

The Republican candidate Donald Trump is pledged to small business growth and development with economic diversification in local manufacturing etc.,based on 2017 – 2020 established trajectory that would invite and promote entrepreneurship in the ailing economy of Harris administration.

Last but not the least, while the Harris administration is demanding transparency from small business, corporations of all size, and entrepreneurs on beneficial ownership to be reported to the Department of Treasury,

How about politics, such as the Harris campaign transparency on donors reportedly reaching over billion $$$ in the Presidential race divulged in public?

Kamala Harris campaign donors among whom;

The cyber space hackers over $150,000.

The anonymous drug cartels contributions favoring Kamala Harris open border since 2021 – 2024 facilitating drug cartels booming trade at United States liability in safety, security and citizens health.

The foreign communist government owned controlled companies financing and other serious transgressions are evident.

The credibility of any leadership is at stake upon such leadership failure to be the example of anything such as compliance of laws, rules and regulations.

The American voters especially small business owners fate is hanging in balance under Kamala Harris administration extreme regulations and failed economic policy.

The electorate going to the polls today and tomorrow could reverse status by wisely voting for successful economic policy under Donald Trump experienced in 2017 – 2020.

Please vote for Donald Trump’s economic policy and proven track record not incumbent Kamala Harris broken record on the economy, border, immigration and everything else quintessential for survival.

Americans are poorer and the nation is weaker than ever before due to incumbent Kamala Harris administration dismal performance in 2021 – 2024.

This cannot continue in January 2025 and simply unaffordable for overwhelming American families struggling to make ends meet in the past 2021 – 2024 until now.

The American electorate heading to the polls are also reminded that the incumbent VP Kamala Harris is admittedly resolute in maintaining status quo.

The incumbent VP Harris was asked in the incumbency favored talk show “View” –

Whether the VP Kamala Harris would do anything differently to change the present distressing situation?

The democrat candidate Kamala Harris as the incumbent VP response was –

“Can’t think of anything.”

Adding she is involved in the decision-making process with her tie vote in the Senate on all these legislations.

This statement is absolutely TRUE.  

The VP Kamala Harris is very much part of the incumbent administration’s economic and immigration debacles as much as foreign warfare catastrophe.

Vote for Donald Trump is vote for yourself and your loved ones to bail yourself out of the persisting economic misery and miserable conditions all around.

Padmini Arhant