A Trump administration official praised the president for getting small business owners “excited” to pay taxes by cutting taxes and reducing regulations.
Kelly LoefflerSmall Business Administration chief tells Fox News Sunday morning futures “Small business optimism is above the 52-year average.”
Loeffler said optimism is largely due to tax cuts for working families donald trump “A big, beautiful bill.”
“Small businesses finally have their tax rates set,” Loeffler said. “The 20% pass-through deduction, now 179 expense, means there are higher limits on the ability to purchase capital equipment and to spend immediately on research and development expenses.”
Loeffler said these factors actually make small business owners eager to write Uncle Sam a check.
“I don’t think small business owners have ever been more excited to pay their taxes, and that’s thanks to President Trump!” Loeffler said. “He brought us blue-collar prosperity in his first term, and now he’s going to drive small business prosperity.”
host Cheryl Cassone, for Maria Bartiromoasked Loeffler about “those burdensome federal regulations under the Biden administration” and whether eliminating them “might be another way to promote the health of small businesses.”
“Absolutely. Regulations are taxes on small businesses, and they were cut by about $200 billion in President Trump’s first year in office,” Loeffler said.
SBA’s 2026 goal is to “ensure small businesses have access to relief after four years of very aggressive regulation” Joe Biden “This creates trillions of dollars in benefits for small businesses,” Loeffler said. “So we’re leading the SBA’s strike force to roll back more regulations.”
Loeffler has been criticized for slashing staff at the Small Business Administration and rolling back Biden administration reforms “designed to ease access to credit for the smallest businesses.” new york times the report said.
“These changes are particularly problematic for Black, Hispanic, and immigrant entrepreneurs,” the report continues. “In the name of eliminating diversity, equity, and inclusion practices, the Small Business Administration is abandoning programs designed to help disadvantaged businesses, including those run by women.”
Watch via above Sunday morning futures Fox News.
Trump official boasts on Fox News: ‘I don’t think small business owners have ever been more excited to pay their taxes!’ appeared first on Mediaite.