Trump official says small business owners have never been ‘so excited to pay taxes’

WASHINGTON, DC: A Trump administration official claimed Sunday that small business owners across the country are feeling unusually optimistic, even when it comes time to pay their taxes.

Kelly Loeffler, administrator of the Small Business Administration, credited President Donald Trump’s tax cuts and deregulation agenda for what she described as a renewed sense of confidence among entrepreneurs. Speaking on Fox News, Loeffler said small business owners are feeling more secure about their finances and long-term prospects.

Appearing on 'Sunday Morning Futures,' Loeffler said optimism among small business owners is now stronger than it has been in decades, pointing to policy changes she said have brought stability and predictability.

Kelly Loeffler says small business owners are excited to pay taxes under Trump

Loeffler pointed to Trump’s signature legislation, often referred to as the “One Big Beautiful Bill,” as a key driver behind the upbeat mood. Central to her argument was the Working Families Tax Cut, which she said has allowed small business owners to better plan for the future.

“Small business optimism is above its 52-year average, and according to the U.S. Chamber, in the third quarter it reached all-time records,” Loeffler said. “A lot of that is thanks to the working families tax cut, because small businesses finally have certainty about what their tax rate is going to be.”

The discussion came as affordability continues to dominate national political debates. Democrats have argued that tariffs and Republican-backed economic policies have contributed to higher consumer prices. Trump, meanwhile, has pointed to lower gas prices and blamed inflation on the Biden administration during recent campaign stops focused on affordability.

Loeffler argued that Trump-era tax provisions fundamentally reshaped how small business owners view tax season.

“That 20 percent pass-through deduction, the 179 expensing, and higher limits on immediate write-offs for equipment and R&D spending all make a difference,” she said. “I don’t think small business owners have ever been so excited to pay their taxes thanks to President Trump.”

She added that Trump’s first term created what she described as a “blue-collar boom,” and said his policies are now setting the stage for a similar surge among small businesses.

SBA rolls back regulations and faces criticism under Kelly Loeffler

The conversation later turned to federal regulations. Cheryl Casone, who was filling in for Maria Bartiromo, asked Loeffler whether rolling back what she called “onerous regulations” from the Biden administration could further strengthen small businesses.

“Absolutely. Regulation is a tax on a small business,” Loeffler responded. She claimed that during Trump’s first year in office, roughly $200 billion in regulations were rolled back.

Looking ahead, Loeffler said the SBA plans to prioritize regulatory relief in 2026. According to her, the agency aims to undo what she described as years of overregulation that placed financial strain on small businesses.

“We’re leading a strike force at the SBA to roll back even more regulations,” she said, adding that the goal is to ease what she called the heavy burden placed on entrepreneurs over the past four years.

Loeffler also pointed to rising wages, strong GDP growth, and increased lending as signs that economic confidence is returning.

“So, we’re leading a strike force at the SBA to roll back even more regulations,” she added.

Still, her leadership has faced criticism. She has drawn backlash for cutting staff at the SBA and reversing Biden-era policies that were designed to expand access to credit. The New York Times reported that those changes disproportionately affected Black, Hispanic, and immigrant business owners, as well as women entrepreneurs.

The outlet noted that, in its effort to eliminate diversity, equity, and inclusion initiatives, the SBA rolled back programs intended to support historically underserved business owners.

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