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Cruz: Obama's regulations hurting minorities

Cruz: Obama's regulations hurting minorities

Sen. Ted CruzRafael (Ted) Edward CruzCruz, Cornyn to attend Biden inauguration For platform regulation Congress should use a European cheat sheet Former GOP congressman says he's leaving party: 'This has become a cult' MORE (R-Texas) says the Obama administration's regulations have held back minorities.

“The regulation epidemic in this country certainly hasn’t translated into more jobs and prosperity for minorities, especially since President Obama has taken office,” said Cruz, a 2016 presidential contender, during a hearing on Tuesday.

The hearing by the Senate Judiciary's oversight subcommittee focused on how overregulation is harming minorities.

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“Poverty rates for African-Americans have gone up [since Obama was elected]. African-American unemployment remains almost double of that of non-minorities, as it has for over 50 years. And there are together roughly a million fewer working age African-Americans and Hispanics working today, than when the president took office,” Cruz added.

The senator argued that federal overregulation is to blame, because it disproportionately harms poor minorities, in particular small businesses owned by the poor.

“Revenues for minority-owned small businesses still unfortunately lag behind revenues for non-minority-owned small businesses. And yet minority-owned businesses must absorb regulatory costs of roughly $7,000 to $10,000 per employee, just like any other small business,” said Cruz.

But Democrats pushed back on the hearing and called claims that federal regulations were hurting minorities dubious.

Sen. Chris Coons (D-Del.), the ranking member, argued that federal regulations are essential for promoting racial equality.

“Under the Voting Rights Act of 1965, the Department of Justice served as regulator for 48 years, using that law to block the implementation of some roughly 2,400 proposed discriminatory voting changes,” he said.