Trump Tax Does Not Help Workers or Small Businesses

2018 MAY 03: When Republicans passed the Trump tax, they said it would deliver an investment boom and would trickle down to help American workers – those were both lies.

Marco Rubio finally admitted the truth about the Trump tax (which he voted for): it’s not helping American workers.

And to top it off, Trump’s former HHS Secretary Tom Price finally admitted that the Trump tax bill will raise the cost of health insurance for millions of Americans.

As we celebrate the contributions of small businesses during Small Business Week, Democrats have sought to protect small businesses from the disastrous policies of this administration, which has consistently favored big corporations and the wealthiest Americans over small businesses and American workers.

The Trump tax’s “small-business tax cut” does not help most small businesses, and primarily helps wealthy developers and investors, including Trump and his family.

A majority of small business owners say the Trump tax favors large corporations over small businesses.

Most small business owners say they don’t plan to hire more workers or give raises as a result of the Trump tax.

Trump’s budget proposals have called for millions of dollars of cuts to the Small Business Administration.

Trump’s FY 18 budget proposed cutting $43.2 million from the Small Business Administration, including $12 million worth of technical assistance grants and other programs that help small businesses.

His latest budget proposal again sought a cut of nearly 6 percent.

Democrats believe we should be helping lift up small businesses that are the engine of our economy instead of giving more tax breaks to the biggest and wealthiest corporations.

We’re proud to support policies that expand resources and opportunities for small business owners and entrepreneurs, while protecting and providing for the well-being of their employees.

Democrats will continue to stand up for American workers and fight for an economy where small businesses can thrive.

Lucas Acosta
National Broadcast Media Manager
Director of LGBTQ Media
Democratic National Committee
(o) 202-479-5199
(c) 202-664-7609

Democratic National Committee, 430 S Capitol St SE, Washington, DC 20003, USA