Jan. 19, 2017 /PRNewswire/ -- On January 18th 2017, Lloyd Chapman, the President and founder of
the American Small Business League (ASBL) issued a statement regarding
their campaign to rally women, minority and Veteran groups to prevent the
closure of the Small Business Administration (SBA).
"I predict that within the next 90 days there will be
legislation put forth in Congress to close the SBA by combining the SBA with
the Department of Commerce and end all Federal programs for small businesses,
including small businesses owned by women, minority and service-disabled
veterans," said Mr. Chapman.
Ronald Reagan made it clear that he wanted to
permanently close the SBA and end all Federal small business programs, his plan
to do that was by combining it with the Department of Commerce. In 2011
this tactic was proposed again by Senator Richard Burr in with fox news reporting that
Burrs proposed legislation would eliminate all federal programs to assist small
During his campaign, President-Elect Donald Trump promised to create 25 million new jobs over the next
decade; however the ASBL argues that with Trump's appointment of Linda McMahon to head the SBA, despite her
support of closing the agency in 2012, Trump has taken an anti-jobs stance
before even being inaugurated. The ASBL cites government data that shows small businesses create 90% of the net new jobs as a
substantiation of their concern.
"The argument that closing the SBA is the best method of
streamlining government is ridiculous," Mr. Chapman elaborated. "The
notion that you can streamline our $4 trillion
Federal Government by eliminating an agency with a budget of $711 million instead of addressing the $6.5 trillion that the Pentagon can't account
for is laughable."
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