Dems Wage War On Small Biz with Credit Suppression

After a brutal year, American small businesses are poised to take advantage of the end of the pandemic and the associated pent-up consumer demand. Many small businesses are looking to scale up to leverage this opportunity by taking out loans to increase supply and capacity. Access to credit will allow small businesses to capitalize on this moment and help lubricate the broader economic recovery.

Yet Congressional Democrats threaten to significantly reduce credit availability by voting to overturn President Trump's "true lender" rule via the Congressional Review Act as soon as this week. (The CRA allows Congress to spike recent executive orders through a simple majority vote.) This attack on access to capital is part of Democrats' broader war on small businesses -- an assault that includes massive new tax increases and onerous regulations like a $15 federal minimum wage. Read Full Article »