Small Business Majority Policy Action Network

Small businesses are sounding alarm bells over the enormous new debt at the core of the ‘Big, Beautiful Bill’ because entrepreneurs fear that this increased spending would create an environment in which it is much harder for their businesses to succeed. Our research found that as the deficit grows, most small businesses worry they would face increased inflation, devastating federal budget cuts in the future, and higher interest rates and borrowing costs. And what does the ‘Big, Beautiful Bill’ offer small businesses in return for $4 trillion in debt and a more challenging economic landscape? Devastating cuts to critical healthcare programs, and doubling down on tax policies skewed to the wealthiest businesses and individuals.

“A rule finalized late last week by the Centers for Medicare and Medicaid Services (CMS) will make it more costly and more difficult for small businesses and their employees to access healthcare coverage. Under the new rule, the open enrollment period for the ACA Marketplace will be shorter and Deferred Action for Childhood Arrivals (DACA) recipients will be excluded from purchasing coverage through the Marketplace.

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.

“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.