I’m a Small Business Owner: How Trump’s Economic Policies May Benefit My Business
Written by
Chris Adam
Edited by
Zuri Anderson
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As the owner of a small business and the founder of The Stock Dork, Adam Garcia is looking forward to President Donald Trump putting in place economic policies that may benefit entrepreneurs.
“I comprehend the effects economic policies will have on a company’s growth,” Garcia said. “I agree with Trump’s proposed tax cuts, less regulation and adjustment of tariffs policies, as they benefit many small businesses like mine.”
GOBankingRates spoke further with Garcia about how the President’s economic policies will bring boons to his small business.
Tax Obligations
According to Garcia, reducing corporate tax obligations has been one of the most important policies. When obligations are lessened, Garcia said small businesses have more money available to reinvest in the companies that’ll allow them to grow.
“For instance, the first thing I did with the spare funds from my lowered tax rate was to increase The Stock Dork’s educational materials so I could attract a bigger audience and nurture their interest in financial literacy,” per Garcia.
“This reinvestment improved operational efficiency and opened up new business opportunities by permitting us to offer premium services. Scaling up these initiatives would have been more difficult without my saved taxes.”
Deregulation
According to Garcia, deregulation is another sector in which Trump’s policies would add net value.
“Reducing the number of restrictions placed on a business enabled me to spend more time on my plans and less time on The Stock Dork’s administrative functions, which allowed the company to remain competitive,” Garcia said.
“For example, some of the most advanced reporting techniques enabled resources previously allocated to administrative purposes to be redirected towards creating new investment guides in the form of videos. Such responsiveness is imperative in a fast-paced market.”
Tariffs
“Even though tariffs are usually controversial, they have had an adverse but ultimately bearable effect on my business,” Garcia explained. “The application of tariffs on some products raised the costs of some imports while focusing on building local industries, which has benefited small businesses in the long run.”
For The Stock Dork, this translated into the engagement of local suppliers and content creators, which reduced the dependency of United States businesses on overseas suppliers and eased community relations while enhancing the perception of corporations that support local talent.
Also, according to Garcia, the policies are helpful if a small business owner promotes reinvestment and diversification. For the business owner, with more savings, there is the ability to enhance the level of technological infrastructure to achieve higher service levels and greater scalability.
The Bottom Line
Garcia noted the most significant issue for small business entrepreneurs is knowing their policies in their respective industries. He said entrepreneurs need to closely monitor where money will be invested regarding tax-beneficial policies, or if policy changes will support reinvestment or cost savings.
“If applied smartly, Trump’s policies can support small businesses in growing as they will be given the necessary tools for growth and innovation,” Garcia said.
“These policies for The Stock Dork have enabled scaling operations and development and have contributed to the broader goal of financial education and empowerment. This allows small businesses nationwide to generate economic growth and drive success.”
Editor’s note on election coverage: GOBankingRates is nonpartisan and strives to cover all aspects of the economy objectively and present balanced reports on politically focused finance stories. You can find more coverage of this topic on GOBankingRates.com.
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