Small Business Administration Administrator Kelly Loeffler is projecting optimism during the holiday season for America’s small businesses.
Loeffler and the SBA have pointed to rising small business optimism and consumer sentiments in December. Loeffler said the upward trends are thanks to the tax cuts of the One Big Beautiful Bill Act in an interview on Fox News’s Sunday Morning Futures.
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“Small business optimism is above its 52-year average, and according to the U.S. Chamber, in the third quarter, it reached all-time records, and a lot of it thanks to the working families tax cut that small businesses finally have certainty about what their tax rate is going to be,” Loeffler said.
The conversations around small business successes and purchasing during the holidays come as affordability has become a buzzword in 2025 politics. As Democrats say tariffs and GOP policies have led to high consumer prices, President Donald Trump has pointed to lowering gas prices and blamed Biden-era inflation as he speaks on his affordability tour stops.
Loeffler told the network that because of policies and practices instated by Trump’s hallmark 2025 megabill, small businesses have never “been so excited to pay their taxes.”
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“That 20% pass-through deduction now, the 179 expensing — that means that higher limits on the ability to expense immediately for purchases they make and capital equipment — and also R&D expensing. So I don’t think small business owners have ever been so excited to pay their taxes, thanks to President Trump,” Loeffler said.
Loeffler predicted that Trump is going to bring a “small business boom” during his administration.
