Political Quotes

“Trump's tariffs, not regulations, are crushing small businesses. I know that it is painful for the other side of the aisle to discuss or even debate the issue of tariffs and how it is negatively impacting small businesses. The President of the United States said that on day one he will lower the costs. Yet, here we are. Witnesses have testified before our committee that the costs of tariffs are harming their small businesses. The uncertainty resulting from the on-again, off-again pronouncements by Trump has halted investment and expansion of small businesses, and it has hindered basic business decisions, like when to put in an order or how to plan for the holiday season. The American Action Forum estimates that Trump's tariffs are costing small businesses $85 billion a year, and that is not including the cost of navigating the uncertain environment or complying with the tariffs themselves. The tariffs disproportionately harm small firms, which operate on thinner margins and have virtually no buying power.”