Chamber of Commerce Speaks Out About Sequestration
Apr 8, 2013 at 9:39 PM CST
Apr 8, 2013
Thousands of pedestrians, cars and business trucks pass through Laredo's port of entry on a daily basis. But the Laredo Chamber of Commerce fears Laredo could loose that title when sequestration kicks in. "You've seen the pedestrian traffic right now how it is. I mean people wait two hours to cross walking. I mean you double that amount of time and people are not going to cross. And who’s that impact? The retail industry in the downtown section. That’s just the pedestrian traffic. The regular traffic impacts the malls on the North side, so everyone gets affected." Sequestration was originally suppose to begin April 21st, but Customs and Border Protection reconsidered the effects and postponed the start date until further notice. But pushing it back is just a temporary fix. "To where the level of cutbacks could near like $1.5 million of payroll every 15 days, every two weeks. I mean you can cut a million and a half from money that is moving around the community every two weeks and that effects restaurants, entertainment, everybody’s livelihood." The chamber has written a resolution calling for the U.S. Congress to reconsider the impact of sequestration here on the border. President of the chamber, Miguel Conchas said he wants to work with other private organizations to express their concern for the economy.