PETALUMA, Calif., 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.
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."