Trump Administration Wants Billion-Dollar Businesses to Qualify as ‘Small’
The New York Times reports on a proposal by the Trump Administration that aims to redefine what constitutes a "small business." This shift could have significant implications, potentially allowing billion-dollar corporations to access benefits and programs designed for smaller, more traditional businesses.
"We are trying to define what is a small business," said Kevin Hassett, the chairman of the Council of Economic Advisers."
This move has sparked debate, with critics arguing it could distort the small-business landscape and skew the distribution of government contracts and aid.