Spirits are high on Main Street!
This weekend, small businesses are celebrating 250 years of independence - and a full YEAR of freedom from a $4 trillion tax hike thanks to President Trump’s Working Family Tax Cuts.
🚨 HOLY CRAP!! Trump SBA chief Kelly Loeffler reveals nobody had to prove CITIZENSHIP or give their BIRTHDAY to get taxpayer funds
"You now have to have a birth date. You have to have a citizenship check. That has never existed in the 72-year history."
"When you apply that across the entire government and setting up those checks and balances within the agencies...when you are not getting a response from someone that is potentially fraudulent, go ahead and call in those loans!"
"And what Dr. Oz said, of the 800 home health care services, $1.4 billion that they withheld, they almost got no complaints for withholding the money."
"These fraudsters are there, they know they're in the wrong, and so we just have to set up the systems on the front end to make sure that another dollar doesn't go out. And there has to be deterrence. That's why this accountability at the DOJ and the Treasury collections is pivotal."
@KatiePavlich
From the historic Small Business Summit at the White House to every state we visited across the country, the takeaway from National Small Business Week was clear:
Main Street is grateful to have an Administration that’s finally putting workers and job creators first!
HUGE news! To celebrate 250 years of American ingenuity & free enterprise, SBA has just launched our Patriot Pitch Competition – a national contest giving innovative small businesses the chance to win a share of $1 MILLION in cash prizes.
Learn more at https://t.co/ypePQv0AHz
Small businesses are the backbone of America 🇺🇸
They drive 40% of our economy, power American manufacturing, and support working families nationwide.
This Small Business Week, President Trump proudly stands with America’s small businesses.
Happy National Small Business Week!
This year, we honor 250 years of free enterprise that built the strongest, freest, and most prosperous nation in the world – and we celebrate the America First agenda that will keep Main Street strong for the next 250.
President Trump is celebrating America’s Small Business Revival during National Small Business Week!
🧵Since taking office, the Trump Admin has moved fast with real results to cut red tape, unleash opportunity, & empower Main Street businesses like never before. ⬇️
America’s 36M small businesses represent 99% of all firms, create 2 out of every 3 new jobs, and generate nearly half of our nation’s GDP.
They are at the center of the America First economic agenda. This year, during National Small Business Week, the Trump Administration is celebrating not only their contributions - but the Main Street comeback that’s now underway thanks to @POTUS!
This is a huge win by @SBA_Kelly and the SBA to recoup potentially fraudulent dollars that went largely ignored under the Biden Admin. Cutting through the bureaucracy is part of the great work our task force continues to produce.
BREAKING: “Today, in coordination with the White House Task Force to Eliminate Fraud, the U.S. Small Business Administration (SBA) announced that it has referred 562,000 suspected fraudulent loans to the U.S. Department of Treasury (Treasury) for collection, marking the SBA’s largest referral package on record.
The borrowers are tied to $22.2 billion in delinquent Paycheck Protection Program (PPP) and COVID Economic Injury Disaster (EIDL) loans that were previously flagged for suspected fraud during the Biden Administration but never sent to Treasury for collection nor referred to the U.S. Department of Justice (DOJ) for investigation.”
A senior White House official also told Fox News Digital: "Over $22 billion. We mean business. If you commit fraud, we will find you."
https://t.co/gStBBucrK3
No better way to end the day than at @JimmysSeafood celebrating the amazing workers and small business owners that make our country great.
Proud to stand alongside these patriots with policies that reward hard work to keep the American Dream alive! 🇺🇸🦀
"Small businesses are seeing the benefits of this tax bill in real time," says @SBA_Kelly on @POTUS' historic tax cut.
"Over 30 million Americans have already benefitted from No Tax on Tips, No Tax on Overtime."
So far this tax season, 12 million small businesses have already received an average tax return of $7,000. Yesterday at Campbell Press in Michigan, @RepTomBarrett and I saw firsthand how that relief is translating to local hiring and expansion:
.@SBA_Kelly in Rocky Mount, NC: What the Working Families tax cuts means is No Tax on Tips, No Tax on Overtime. It’s thousands of dollars back in your pocket this year and for years to come. It’s expanded child tax credits, expanded Health Savings Accounts, thousand-dollar Trump Accounts for children. It’s the 20% pass-through deduction for small businesses. This is the most Main Street bill in American history. But yet, every single Democrat in Congress voted against it.