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New legislation proposed by Republican senator Richard Burr of North Carolina.
Would eliminate all federal programs to assist small businesses.
It's called the department of commerce and workforce consolidation act.
And it will combined Small Business Administration with the departments of labor and commerce so would this be bad news for job creation.
Lloyd Chapman is the president of the American small business league -- tar content is a small business owner and founder of C and CEO of targeted financial.
Welcome -- both.
Lawyer wanna start with -- -- because you have a very distinct point of view on this bill what do you say to it.
Worst idea in the history of America.
We're we're going to the worst economic downturn in eighty years small this is a -- virtually a 100% of all net new jobs.
They're responsible for half the gross domestic product half the private sector workforce and not a percent of all US exports as -- bar wants to close the one agency.
To -- and help America's top job creators it's it's so.
Upsurge I think what it is a power grab by fortune five -- defense contractors are concerned.
That they -- -- policy to be shrinking.
So if they -- in federal programs for small businesses they're gonna take that money there and it should be going America's chief job creators.
-- -- -- -- -- I think the guy.
I disagree with you get respectfully President Reagan once said.
Most frightening eight words in the English language are I'm with the government.
I'm here to help.
-- the board government we have that the -- the worst small business this and I the SP eight nice organization.
Do very little good for the small business -- A person we need less government the things that they do that have relevance like education courses.
That's available in the private sector and and and and it's much more efficiently.
The -- The SBA has nothing to do with job growth for small businesses in this country.
Government agencies -- -- -- -- reduced innovation or creativity or jobs it's produced by.
By hard working.
-- yours who are create it.
And a who are reinvent themselves every.
Free very -- -- in the -- -- saying get off my back government let me audio and I look better job than you can is that your message no question.
In the last two years we've added more regulations more government involvement that makes it more difficult.
For us to be competitive in the marketplace.
We need government to get all of our our backs.
We need to have some type of tax tax certainty and today we have a disadvantage in the rest of the world and that's why you see.
A corporation is going.
-- in other places such as Switzerland and in Ireland.
At the set up their their organization so they can pay.
17% -- rather than 35% taxes are here in America a small bit -- -- based 35% taxes Lloyd you get and hear what I mean you obviously disagree with anything.
You think small this battle plan need help from the federal government -- in a federal government do that small business operators can't do on their own.
Well thank friend understands that the small business that directs the 23% of all federal contracts you go to small businesses that's 230 billion a year.
That's the biggest job creation economic stimulus program that's ever pass for the middle class and to eliminate that would be exciting.
You're talking about America's top job creators the small businesses a -- our.
Between ignited a -- percent of all jobs and -- eliminate the one agency to help them that would be -- And and then give that money to fortune 500 corporations have retreated one a new job in thirty years it would be insane I'm -- -- would push America into a depression.
I want you to -- -- something -- Jay Carney had to say about jobs.
Here's the president's spokesman.
Extension of the payroll tax cut extension of unemployment insurance things that.
Say -- could create now hundreds of thousands of jobs.
-- -- considered that and and He will continue and they expect to present to continue to look and hunt for new and better and doing good ideas for.
Economic growth and job creation this president's doing that.
They have the jobs are to create being created by this president he's got the right -- -- Brand what do you say that -- Presidents and government agencies do not create jobs the good jobs are created by entrepreneur lures.
Who have a work ethic.
Who have the freedom to go out and create and innovate and that's where it come from I am I -- when He companies.
I'm an option for nor.
And if if you're guess we'll go to my web -- one more customer dot com.
He'll see what I'm talking about we have all the help -- small but it's not murders in the private sector to give them the tools to be able to have a chance to be successful.
We need government.
Not interfering we don't need the SBA we don't need any kind of government agencies involved and and all this stuff that's happened in the last two years of regulations.
That this study.
-- small business and.
-- I mean on that topic I have heard you know -- for people complain about this that if you can actually get an SBA loan and you don't need one.
That the standards are so tough.
To get one of these loans that that at the end of the day they're not really helping the people who needed anyway.
I haven't -- not be true but again the take it the main mission of the SBA is not the loan program the main mission the SBA's to make sure that this 230 billion dollars in fatal contract.
Gets in the hands of middle class hello see what friend as opposed to 230 billion dollars a year in federal contracts going to middle class act if I don't see the downside you know what's the downside of that.
Great debate it's like a lot of the you know I'm okay other than a recipient of that are right OK OK well I think -- -- thanks to both of you for being on today really appreciate your help thank you.