This episode was recorded January 26, 2025 roughly a week after President Trump's second Inauguration.

These are some key ways that his second administration could promise to help small business owners, particularly through tax cuts, deregulation, trade policies, and initiatives to support innovation and growth. However, some of these proposals would be subject to political negotiations and may evolve depending on the broader economic context and priorities during his second term.

Show Notes Outline:

1. Tax Cuts and Tax Reform

• Lower Corporate Tax Rate
• Simplified Tax Code
• Extension or Expansion of the 20% Pass-Through Deduction:
• Capital Gains Tax Reduction

2. Deregulation and Reducing Red Tape

• Continuing Deregulation
• Occupational Licensing Reform
• Reducing Compliance Costs

3. Support for Small Business Financing

• Access to Capital
• Support for Venture Capital
• Opportunity Zones

4. Healthcare Reforms

• Lower Health Insurance Costs
• Repeal of ACA Mandate

5. Trade Policy and Global Economic Growth

• Support for Trade Deals
• Tariff and Trade Policy

6. Workforce and Labor Market

• Reducing Labor Costs
• Support for Apprenticeships and Vocational Training
• Immigration Reform

7. Infrastructure and Local Development

• Infrastructure Investment
• Broadband Expansion
• Rural Business Support

8. Innovation and Technology Growth

• Support for Tech Startups
• Cybersecurity and Data Protection

9. Small Business Support Programs

• Expansion of Small Business Programs
• Entrepreneurship and Minority Business Support

10. Reducing Barriers to Entry for Small Businesses

• Reducing Start-Up Costs
• Encouraging Entrepreneurial Activity

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