Small Business Administrator Kelly Loeffler stated Saturday that President Donald Trump’s newly signed “One Big, Beautiful Bill” is revitalizing economic prospects for America’s small businesses while commemorating the nation’s 250th anniversary.
Loeffler described Independence Day as an “incredible moment to not only celebrate the past 250 years but also the next 250 that President Trump is ushering in through his landmark legislation.”
The administrator noted that the bill’s “working family tax cuts” demonstrate Trump’s commitment to hardworking Americans, adding that “small businesses have really built this country.”
Highlighting the law’s impact, Loeffler asserted that America’s “36 million small businesses create two out of every three new jobs” and criticized Democratic opposition to the measure.
“Every single Democrat voted against what became a $4 trillion tax cut for the American people,” she stated. The legislation, she argued, delivers “tax relief, regulatory relief, and fair trade.”
“We are a nation of builders because now we have tax relief, regulatory relief, and fair trade,” Loeffler added. “Small businesses are building again.”
She further noted that workers are already benefiting from provisions eliminating taxes on overtime pay.
“I’m walking factory floors with small manufacturers where workers are taking on more shifts because they know it’s not going to get taxed away,” she said.
Loeffler also indicated the policy would help reshape industry, creating jobs in regions previously hollowed out over decades.
The administrator reported that the administration has already seen “600,000 jobs created in the last four months alone.”
Describing entrepreneurs’ critical role, Loeffler echoed President Trump’s assertion that “small business is big business,” noting small businesses account for “99% of all businesses across America.”
“They are the doers, the builders, and innovators,” she said, citing visits to a Virginia flag manufacturer, local restaurants, and NASA suppliers.
“This is what small business means to America: ingenuity, great-paying jobs, and leading the world in innovation.”
