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Small business in America is a legal definition of a private corporation.
These businesses must be below certain numerical thresholds based on # of employees or annual receipts.
And it’s in need of some serious reform.
1/ https://twitter.com/ap/status/1252624411431141378
These businesses must be below certain numerical thresholds based on # of employees or annual receipts.
And it’s in need of some serious reform.
1/ https://twitter.com/ap/status/1252624411431141378
Think about your favorite beauty shop in rural Missouri.
How much money do you think it brings in each year? The average is $250k.
You know what the beauty salon threshold is?
$8,000,000!
Yup. $8M. Anyone who makes less than $8M is a small business.
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How much money do you think it brings in each year? The average is $250k.
You know what the beauty salon threshold is?
$8,000,000!
Yup. $8M. Anyone who makes less than $8M is a small business.
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Let’s pick another industry!
My brother has his own lawncare business and he does well for himself, but his receipts are still south of a million.
He’s in the same category of business with annual receipts up to $8.0M.
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My brother has his own lawncare business and he does well for himself, but his receipts are still south of a million.
He’s in the same category of business with annual receipts up to $8.0M.
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Shall we turn our attention to restaurants? $8.0M
Bars? $8.0M
Casinos? $35.0M
Hotels? $35.0M
Trade Contractors? 16.5M
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Bars? $8.0M
Casinos? $35.0M
Hotels? $35.0M
Trade Contractors? 16.5M
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When most ppl think of “small business” they picture Main Street, not companies being traded on Wall Street.
This is how rural America gets screwed over time and time again.
Voters hear “small business” and think that only includes businesses like those in their town.
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This is how rural America gets screwed over time and time again.
Voters hear “small business” and think that only includes businesses like those in their town.
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This is intentional. Politicians have chosen to deliberately mislead voters through regulations like this that use the image of small mom & pop shops while funneling BILLIONS to multi-million dollar corporations.
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There must be multiple tiers of classification so that truly small business mom & pop shops receive assistance and support unique to them.
They shouldn’t be used as cover to give money to mid-size corporations with wealthy CEOs donating to politicians.
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They shouldn’t be used as cover to give money to mid-size corporations with wealthy CEOs donating to politicians.
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But that is what happens. That’s why this injustice hasn’t been corrected.
Folks hear “small business” and it’s considered universally good.
And it would be—if those businesses were universally small.
But they’re not.
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Folks hear “small business” and it’s considered universally good.
And it would be—if those businesses were universally small.
But they’re not.
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We’re seeing the consequences of doing nothing now with the #PaycheckProtectionProgram where
truly small businesses received little to no relief, while larger businesses with millions in profit sucked the fund dry.
And rural America, per usual, gets left behind.
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truly small businesses received little to no relief, while larger businesses with millions in profit sucked the fund dry.
And rural America, per usual, gets left behind.
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These are systematic failures that can be fixed by Congress.
But as with so many injustices that disproportionately harm working class people, family farming operations, communities of color, and rural areas, you have to elect people who give a damn about the problem.
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But as with so many injustices that disproportionately harm working class people, family farming operations, communities of color, and rural areas, you have to elect people who give a damn about the problem.
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