America Mulligan can challenge any regu-


lation that erroneously promises to benefit small businesses or is other- wise suspect. That’s especially the case now that the Supreme Court has ruled that only Congress — as opposed to nameless bureaucrats — can exercise the constitutional authority to impose laws. As Mulligan crunches the numbers,


scores if not hundreds of regulations may be declared null and void. Econo- mists are delighted at the prospect of paring back the regulatory environ- ment that entangles small businesses.


CHANGES FOR SBA Yet another key to reviving small business is reforming the agency that’s charged with supporting them — the SBA. GOP Sen. Joni Ernst of Iowa, chair


of the Senate Committee on Small Business and Entrepreneurship, has been leading a charge to make the agency more accountable. In January, the Government


Accountability Office reported the SBA had been unable to complete its audits in 2023 and 2024 because “they could not adequately support their respective reported loans receivable and loan guarantees.” Declared Ernst, “The SBA is on


a path of insolvency with numerous unnecessary and duplicative pro- grams.” Ernst is expected to work closely


with Trump’s DOGE cost-cutters to revitalize the agency. In December, she put the SBA


squarely in the crosshairs, introduc- ing the Returning SBA to Main Street Act. Her bill proposes to relocate over a third of the SBA’s staffers across the countryside rather than shelter- ing them in D.C. Antoni says he is “very, very bull-


ish” about small business prospects under Trump 2.0, and Moore agrees. In fact, Moore’s vision for Amer-


ica’s economic future is so bright, it would fully justify Trump’s prophetic dream of a new golden age for the


14 NEWSMAX | MARCH 2025


Biden Squeezed Life Out of Small Biz T


he Biden-era regulatory burden on small businesses was considerable, ranging from tough new standards on water heaters to minimum stafing requirements


for long-term care facilities under Medicare, mandated cybersecurity certifications, and countless more. Virtually every business sector has been affected, directly or indirectly. Just one example: brutal emissions and fuel eficiency standards. While the auto


manufacturers hardly qualify as small businesses, rising transportation and delivery prices impact every company’s bottom line. Here’s a list of the Biden administration’s 10 costliest regulatory edicts:


Regulation


Multi-Pollutant Emissions Standards for Model Years 2027 and Later Light-Duty and Medium-Duty Vehicles


PFAS National Primary Drinking Water Regulation


Corporate Average Fuel Economy Standards for Passenger Cars and Light Trucks for Model Years 2027 and Beyond and Fuel Eficiency Standards for Heavy-Duty Pickup Trucks and Vans for Model Years 2030 and Beyond


Medicare and Medicaid Programs; Minimum Stafing Standards for Long-Term Care Facilities and Medicaid Institutional Payment Transparency Reporting


National Primary Drinking Water Regulations for Lead and Copper: Improvements *


Cybersecurity Maturity Model Certification Program *


Medicaid Program; Medicaid and Children’s Health Insurance Program Managed Care Access, Finance, and Quality


Greenhouse Gas Emissions Standards for Heavy-Duty Vehicles- Phase 3


Energy Conservation Program: Energy Conservation Standards for Consumer Water Heaters


Medicaid Program; Streamlining the Medicaid, Children’s Health Insurance Program, and Basic Health Program Application, Eligibility Determination, Enrollment, and Renewal Processes


U.S. economy. “The United States is in a position


to continue its global dominance, and even increase our lead over the rest of the world,” says Moore. “If you take our stock market now, its value is greater than all of the other coun- tries combined. “Our net worth is larger than Germany, France, Italy, Spain, and China — so we have a giant lead, and we can continue to be globally dominant.” The key to that economic resur- gence and dominance? Moore points to


Total Cost ($ Billions)


870 63.4


45.2 43.1


42.8 42.3 27.8


23.8 22.0 20.3 SOURCE: AmericanActionForum.org


the small business economic dynamo. “You know, you can’t have big companies until you have small companies that turn into big com- panies,” he says. “Who’d heard of Nvidia 10 years ago? And that’s what you need — these small entrepre- neurial companies that turn into really big companies. “Their entrepreneurial spir-


it is the whole story of America,” Moore adds. “Unfortunately, taxes and regulations can extinguish that flame . . . but Trump is going to relight it.”


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