“Trump Will Dismantle Programs That Help Small Businesses,” Predicts Lloyd Chapman, American Small Business League Founder and President

As an alternative, Chapman proposes the SBA be reformed and expanded

PETALUMA, Calif.--(BUSINESS WIRE)--Lloyd Chapman, president and founder of the American Small Business League (ASBL), predicts that “President Trump is going to kill the federal programs that support the 99.9% of all firms in America that are small businesses. His policies have always been anti-small business, just like every Republican president since Ronald Reagan.”

“Killing the programs that support the 34 million small businesses where almost half of Americans work will not ‘make America great again’; just the opposite. It will push the economy into a recession.”

Specifically, Chapman said, “I believe Trump will either close the SBA or eviscerate it by combining it with another agency, like the Department of Commerce.”

He further stated that, “Kamala Harris, in the final weeks of her campaign, said she would increase the percentage of federal contracts to small businesses from 23% to 33%. And Robert F. Kennedy Jr., when running for president, said that he would raise the small business contracting goal to 43%.”

But since taking office, “President Trump has fired 20% of the SBA’s permanent workforce — the highest percentage of staff fired in any federal agency— and he has cut the SBA budget to the lowest in its history,” said Chapman.

“The contracting requirement of the Small Business Act of 1953 is meant to be the largest economic stimulus program in our history, if presidents would ensure it was properly implemented,” Chapman clarified. “Unfortunately, 23% of federal contracts are not going to legitimate small businesses. They are being diverted to Fortune 500 firms through a horrible combination of fraud and corruption.”

Chapman emphasized that, “The American people must learn the truth of this scandal and pressure President Trump and every senator and representative on the Senate and House small business committees to make sure that 23% of federal contracts go to legitimate small businesses. Millions of new jobs would get created and our economy would soar.”

For more information, please visit https://asbl.com/.

About The American Small Business League

The American Small Business League (ASBL) is the strongest voice in America protecting the federal programs that assist the nation’s 34.7 million small businesses. Winning over 100 Freedom of Information legal battles has exposed the rampant fraud in federal small business programs. In the national media and in federal courts, the ASBL has had a larger presence than all other organizations that claim to represent the interest of small businesses combined. Learn more at ASBL.com.