PETALUMA, Calif., Feb. 6, 2017
/PRNewswire-USNewswire/ -- Today Donald Trump introduced the members of
his economic council with a conspicuous absence of anyone from the small
business community. Having stated that he would be the "greatest jobs president God ever created,"
and create 25 million new jobs, it's curious
the individuals on his business council are primarily from Fortune 500 firms
and large corporations.
Jack Welch, former chairman and CEO of General Electric, a corporation
famous for its aggressive job outsourcing, is on the council as well as 16
other members from corporations such as Walmart, PepsiCo, General Motors, IBM,
Boeing, Walt Disney Co. and Tesla Inc.
"We're bringing back jobs" Trump
told the press before their first meeting.
According to government data 98% of all U.S firms have less than 100
employees and they create 97% of all net new jobs. There are 28 million small
businesses in America that are responsible for half of the GDP, half the
private sector work force and 90% of U.S exporters.
In 2006, a Kauffman foundation study found that 100% of the new
jobs since 1988 have come from new businesses which are overwhelmingly small
"If the purpose of the economic council is to try to
increase corporate profits by shipping jobs overseas that's definitely the
right group to talk to," said American Small Business League President Lloyd Chapman.
"President Trump has promised to be the greatest Jobs
producing president God ever created. Someone needs to show him the U.S Census
bureau data that shows small businesses create 97% of all the net new jobs. I
haven't seen one economic policy put forth by the Trump administration that is
specifically intended to benefit small businesses, and I don't expect we will.
I'm very disappointed that his economic committee should be 98% percent small
business leaders and it's just the opposite. It's populated with people from
fortune 500 firms and they don't create jobs small businesses do."
For the full press release click here: http://www.prnewswire.com/news-releases/trump-economic-council-excludes-small-business-leaders-asbl-reports-300402231.html?tc=eml_cleartime