Small businesses may get some benefits from Donald Trump presidency, however not everyone is relieved.
Small business owners could keep more cash in their hands in case Trump proceed with his plan to reduce business and consumer taxes, and from modifications he has pledged to make to Obamacare. However, the Main Street Alliance, an NPO of small businesses, concerned about Trump’s possible cabinet appointments who may not support pro-small business policies, in addition to Trump’s anti-immigration statements.
Trump’s plan to cut down the taxes for consumers and businesses would be a plus for small business owners, who usually have teams of below 50 individuals and normally tend to use their own money to put into their small business.
Furthermore, Trump’s plans for Obamacare, on Friday, Trump told The Wall Street Journal that he might possibly make modifications to the Act rather than absolutely dissolving it, would decrease healthcare expenses for companies, some of them didn’t pay health insurance for their workers before the Affordable Care Act. Small companies may have endured or expanded access to alternative lending sources, as Donald Trump has said he’ll not permit more directives from the Consumer Finance Protection Bureau.
Small businesses seem to have been in large part supportive of Trump before the election, with 58.7% showing they would take part in an election for him in relation to CNBC. One objective for the support is that the community wants change and someone they observe as having understanding for small business concerns.
Consequently, the Main Street Alliance, says it is concerned about Trump’s feedback regarding minority businesses, and they name his policies on healthcare and taxes shortsighted.
Trump’s hate-fueled wordiness that we have seen on the campaign trail causes concern over the types of actions he’ll take against many in our communities, which includes Muslims, immigrants, women, and minorities,” said by Amanda Ballantyne, the national director of Main Street Alliance.
Furthermore, the group articulates it’s concerned about Trump’s new cabinet appointments who they state have “little understanding working with or supporting on behalf of small businesses”.
Of major concern is the potential appointment of Myron Ebell, who has declined the existence of climate change, to head the Environmental Protection Agency, in addition to the possible appointment of David Clarke, Milwaukee Sheriff, who has taken an anti-immigrant stance, to head the Department of Homeland Security.
Will Donald Trump’s cabinet appointees consider it is good move to deport these economic drivers?