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Small Businesses Turn On GOP With 120,000 Mass Layoff
A year ago, Donald Trump's presidential second coming triggered the largest increase on the marquee
Tax breaks do help, and deregulation is nice, but what would really, really help me (running a small financial firm) is National, Single-Payer health coverage. If my firm did not have to pay for that benefit for my 11 employees, I could hire another person (with experience!) which, ironically in this context, I really want/need to do. It boggles my mind that so many small business (as in the mom and pop variety) aren’t more supportive of the idea.
Farmers and ranchers and small oil companies thought he was their savior. We’ll see.
The “Special K” effect is not limited to households.
Small businesses
– Are price takers, including on tariffed goods, with no scale economies
– Borrow at the highest rates
– Have few good options for healthcare
– Are not diversified
– Have the least ability to cut heads (each person is a large pct of total)
– Are less tech-savvy with less scope for AI productivity miracles
. . . thus are losing share to large companies in today’s economy.
And, yes, as a group small business owners are reflexively right-wing and don’t seem to grasp that MAGA couldn’t care less about Reaganite precepts.
H-Man,he is unable to identify with the common person when it comes to economics. Yesterday he claimed that affordability was something created by fake news since everything is now affordable. That Tennessee congressional race may be the proverbial canary in the coal mine.