On June 10, Small Business Majority and over 25 national and state organizations sent a letter urging the U.S. Senate to reject the nearly $800 billion in cuts to Medicaid outlined in the House-passed reconciliation bill which would strip coverage away from 7.8 million individuals. The letter emphasizes Medicaid's importance to the small business community and urges Congress to pursue alternative reforms, such as site-neutral payments, that would generate revenue without cutting individual coverage.
Standing up for small business in uncertain times
Programs that support small businesses and empower their economic growth are at risk. In recent months, we have witnessed serious threats to a number of government agencies and programs, including a mass reduction in Small Business Administration (SBA) staff and funding freezes across the government. And, more is likely to come. Also at risk is the Minority Business Development Agency, CDFI Fund and the State Small Business Credit Initiative, as well as other government programs that provide capital, business services, procurement support and disaster relief to support small businesses. These cuts, along with widespread tariffs, mass deportations of immigrants and possible cuts to Medicaid, threaten to undo the historic growth in new small business ownership we’ve seen in recent years.
In response, Small Business Majority has built the Small Business Rapid Response Coalition to communicate the impact of these policies on our nation’s small businesses. The coalition, which consists of more than 170 and counting local, state and national organizations, is amplifying the voices of small business owners and trusted business support organizations, and engaging with policymakers to demonstrate the real-world impact of these proposed cuts and policies.
Small Business Majority is also conducting research to understand how federal actions are impacting our nation’s entrepreneurs, and communicating these impacts to the White House, Capitol Hill and the media.
Letters, Press Statements and Testimony
Tuesday, June 10, 2025
Thursday, May 29, 2025
On May 29, Small Business Majority, alongside more than 30 state and national organizations, sent a letter to the House and Senate Appropriations Committees urging Congress to preserve robust funding for the Small Business Administration (SBA), Minority Business Development Agency (MBDA), and the CDFI Fund to ensure these agencies can continue effectively serving America’s 34 million small businesses.
Press release
Wednesday, May 28, 2025
“The U.S. Court of International Trade’s decision to strike down recently imposed tariffs is welcome news for America’s small businesses. We’ve heard from dozens of small business owners who told us that widespread tariffs on goods imported from a wide range of countries have left them with few options beyond raising their prices or shutting down. Due to the thin margins on which many small firms operate, sweeping tariffs would force most small businesses to pass their costs on to customers.
Press release
Thursday, May 22, 2025
“When the U.S. House of Representatives decided to advance legislation that would reduce funding for Medicaid, change Affordable Care Act (ACA) enrollment requirements and keep Section 199A effectively unchanged, lawmakers not only missed out on what could be their last chance for many years to help America’s small businesses through meaningful policy reforms, they also made things worse for many small firms.
Press release
Monday, May 12, 2025
A U.S. House Committee on Energy and Commerce proposal that would cut hundreds of billions of dollars from Medicaid threatens health insurance coverage for small business owners and their employees. We’re also concerned about a committee proposal that would implement stricter eligibility and income verification processes for ACA Marketplace enrollment. If these proposals become law, along with the expiration of premium tax credits that help make coverage purchased through the ACA Marketplace more affordable, the Congressional Budget Office estimates that nearly 14 million people would lose their health insurance.
Tuesday, May 6, 2025
On May 6, Small Business Majority and 20 state and national organizations representing small business interests sent a letter to the House Committee on Energy and Commerce, urging members to reject Medicaid cuts that would make it more difficult and costly for millions of small business owners and their employees to access affordable healthcare. The letter was sent ahead of the Committee’s reconciliation markup, where members will outline roughly $880 billion in spending cuts, including significant and harmful cuts to Medicaid.
Press release
Monday, May 5, 2025
It’s both disappointing and disturbing that the Consumer Financial Protection Bureau (CFPB) is now undermining a rule finalized earlier this year that prohibits medical debt from appearing on an individual’s credit report. Ending this rule would harm entrepreneurs by making it even more difficult for them to borrow money for their businesses.
Press release
Friday, May 2, 2025
President Trump’s FY 2026 discretionary budget request proposes drastic cuts to critical small business support programs at half a dozen federal agencies.
Press release
Wednesday, April 30, 2025
Washington, D.C.— Small business owners are strongly opposed to DOGE efforts to slash federal government resources, and are particularly alarmed by Trump administration reductions to U.S. Small Business Administration programs, according to a recent survey.
Press release
Monday, April 28, 2025
We strongly urge the U.S. Senate to pass bipartisan legislation that would repeal sweeping tariffs on virtually all imports. We fear that without immediate congressional intervention, the president’s tariffs would devastate small businesses. In fact, we’ve already heard from small business owners who said that the tariffs on Chinese imports in particular are so high that they will likely have to close their businesses if those tariffs are not lifted soon.
