Does President Trump hate small businesses? His budget says yes

Is president's 1% raise for government workers fair?


Does President Donald Trump hate small business? If you examine his proposed budget for 2021, that’s the logical conclusion to reach.

Trump is proposing to eliminate or drastically cut aid for small businesses—even when such cuts result in insignificant savings. Trump’s draconian recommended budget cuts would stifle the health and growth of this critical sector of our economy.

Presidential budgets rarely get enacted as proposed, but they are widely seen as reflecting a president’s priorities and values. Taking a look at Trump’s 2021 proposed budget, there’s a clear message to the small businesses of America—whether in blue states or red states: “I’m just not that into you.” 

In 2017, Trump proposed—and got enacted—sweeping tax changes, significantly reducing taxes on large corporations and the super-rich. Those tax reductions resulted in huge deficits, increasing the national debt. Trump needs to show that he’s doing something to help pay for his tax give-aways. 

Now, you need to understand the scope of the federal budget. The 2021 fiscal year budget is $4.8 trillion. That’s TRILLION. America’s national debt is $22 trillion. Shaving off a few million dollars from a very small program does virtually nothing to reduce the debt. But those programs might help hundreds of thousands of small businesses.

President Donald Trump's budget request for fiscal year 2021 arrives at the House Budget Committee on Capitol Hill in Washington.

Trump targeted a large number of very low-cost small business programs for elimination or drastic cuts in his budget. Make no mistake: These cuts will make virtually no impact on the debt caused by Trump’s tax cuts. Rather, they reflect the values of a president who just doesn’t care about small business.

“President Trump made clear his interest in serving Wall Street over Main Street when his administration enacted a corporate tax giveaway,” said House Small Business Committee Chairperson Nydia Velazquez. “Now as the deficit balloons, the president is further turning his back on hardworking Americans with a budget that cuts the Small Business Administration, slashes rural support programs, and eliminates economic development programs.”


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