America


Inside Trump’s Plan to Unleash Small Business


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He will curb inflation, slash red tape, and reduce energy costs. BY DAVID A. PATTEN


resident donald trump is determined to deliver on his promise to revitalize Ameri- ca’s small business commu-


nity. Now, new details are emerging on exactly how he intends to do it. So far, the policy spotlight has pri- marily focused on renewed oil produc- tion, tariff s, and tax cuts. But these are the precursors to a


much broader strategy: reviving the true engine of American prosperity and jobs — small businesses. They’re a vital presence on every


street corner in every town in Ameri- ca, and the dynamo of U.S. economic growth. There are nearly 35 million small businesses in the United States. Without a healthy small business community, the U.S. economy is des- tined to lag. If Trump can deliver for mom-and-


12 NEWSMAX | MARCH 2025


pop storefronts nationwide, his “gold- en age” dream for prosperity will likely be realized. Among the signs America’s small


business community senses a his- toric opportunity under Trump: an extraordinary spike in small business confi dence that began almost from the moment he delivered his election


Small Business a Big Factor


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here’s nothing small about America’s small businesses:


There are 34.7 million small businesses in the U.S. They employ about 60 million people. They account for 99.9% of all U.S. businesses. They employ fewer than 500


workers each. Nine out of every 10 have fewer than 20 employees. They account for 65.3% of all new


jobs created since 2000, and 43.5% of America’s gross domestic product.


night victory speech. For 34 straight months in a row, the


National Federation of Independent Business (NFIB) Small Business Opti- mism Index had languished below its 50-year average. Then in November it rebounded,


jumping 8 points, to 101.7. The follow- ing month it jumped again, to 105.1. The big shocker from that NFIB


report: 52% of small business owners expected a better economy ahead. It was the highest level of small business optimism since Ronald Reagan’s post- Carter economic rebound way back in 1983.


“Optimism on Main Street con-


tinues to grow with the improved economic outlook following the elec- tion,” stated Bill Dunkelberg, NFIB’s chief economist. “Small business owners feel more certain and hope- ful about the economic agenda of the new administration.” Economist E.J. Antoni, a research


fellow at The Heritage Foundation, tells Newsmax small business owners are “downright giddy” and that “the


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