The priorities laid out in President Donald Trump's budget message have some small business owners strategizing how they might benefit from a big boost in defense spending, and others thinking about how to make up for revenue they could lose to cuts in grant programs and subsidies.
While Trump's plan, released March 16, is far from the final word on the subject, he has called for a $54 billion increase in the Pentagon's budget. He has proposed cuts elsewhere, such as the Environmental Protection Agency and the Commerce Department, and no funding at all for 19 agencies including the National Endowment for the Arts. Departments and agencies across the government have programs that benefit small companies or offer them contracting opportunities.
"It's the opening bid in the negotiations," says David Primo, a professor of political science and business at the University of Rochester. The formal request that will go to Congress is expected in May, and even that version will be subject to negotiations among lawmakers.
Still, the proposal does give small business owners a sense of Trump's goals, not only for the fiscal year that begins Oct. 1, but for the rest of his term.
A look at how four business owners believe Trump's objectives could affect them:
An End to Subsidies?
Air Choice One would lose revenue if the administration succeeds in ending funding for the Essential Air Service program, says Shane Storz, the company's CEO. The St. Louis-based carrier gets federal subsidies under the program aimed at making it easier for people who live in rural areas to catch flights nearer their homes.
The company has 56 subsidized flights a day, sending eight-seater turboprops carrying about 2,000 passengers a month to seven small cities in Iowa, Illinois, Michigan, Tennessee and Arkansas. The federal program subsidizes 60 percent to 70 percent of the cost of...
April 03, 2017 at 10:18PM
http://ift.tt/2oRmFPX
from
http://ift.tt/2oRmFPX
No comments:
Post a Comment