Small Businesses Should Expect Policy Changes Under Trump
The presidential election results have shocked many including small business owners!
Throughout his campaign, Donald Trump has made it vividly clear that it won’t be business as usual with him in the Oval Office. Many are unsure how a Trump administration will affect small businesses. His policy proposals include lowering taxes, increased infrastructure spending, dismantling some trade agreements and imposing tariffs on products made in the foreign plants of U.S. companies.
However, many take these as merely campaign talk designated to rack in the highest level of votes through sensationalism and increased television coverage. Furthermore, in our political system the president does not pass laws, Congress (which now has a Republican’s majority in both houses) does. As such, any immediate policy changes will be subject to the limitations of what Trump can effect through executive orders.
Part of Trump’s so-called “new deal,” which he revealed during one of his election stops, included new tax incentives for inner cities, new microloans for African Americans to start companies and hire workers, and a plan to reinvest money from suspended refugee programs in inner cities. Black Enterprises Wealth For Life