Obama Resurrects Reagan Era Plan to Close Small Business Administration
ASBL President Lloyd Chapman Battles to Save SBA
(firmenpresse) - PETALUMA, CA -- (Marketwired) -- 02/11/15 -- President Obama's 2016 Budget Proposal President Ronald Reagan attempted to use to (SBA) and end all federal programs designed to assist middle class small businesses.
President Reagan made it clear he wanted to that had been established by the Small Business Act to help small businesses. His plan to close the SBA was to combine it with the Department of Commerce.
In 2011, written by North Carolina Senator Richard Burr that would permanently close the SBA and bring an end to all federal programs to assist small businesses. Like Ronald Reagan, combining the SBA with the Department of Commerce was Senator Burr's plan to close the SBA.
President Obama's plan to close the SBA is identical to Reagan and Burr's proposal, which is to close the agency by .
Critics of the Obama plan to close the SBA point to the fact that the SBA is the only federal agency created to help middle class small businesses. SBA supporters point out that indicate over 98% of all U.S. firms have less than 100 employees. That data also indicates small businesses are responsible for over 90% of the net new jobs in America, over 50% of the private sector work force, over 50% of the Gross Domestic Product and over 90% of all U.S. exporters.
American Small Business League () President first predicted President Obama would try and close the SBA by combining it with the Department of Commerce in . Since then, Chapman has done national and interviews predicting President Obama would try and close the SBA to cover-up fraud and abuse at the agency that allowed Fortune 500 firms to receive billions of dollars in federal small business contracts.
, , , , , , and have all produced segments on fraud in federal small business programs.
"President Obama claims he wants to close the SBA to streamline government. You can't streamline the federal government by closing the smallest agency in Washington. How about the trillions that are unaccounted for at the Pentagon, maybe he should start there. The real reason he wants to close the SBA is to obscure the rampant fraud that federal investigators and investigative journalist have uncovered in every SBA program during his administration," said Chapman.
The American Small Business League is producing a documentary on Lloyd's efforts to stop president Obama from closing the Small Business Administration. It will be released in early spring.
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 11.02.2015 - 18:13 Uhr
Sprache: Deutsch
News-ID 370959
Anzahl Zeichen: 0
contact information:
Town:
PETALUMA, CA
Kategorie:
Retail Banking
Diese Pressemitteilung wurde bisher 236 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Obama Resurrects Reagan Era Plan to Close Small Business Administration"
steht unter der journalistisch-redaktionellen Verantwortung von
American Small Business League (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
