Does President Donald Trump hate small business? If you examine his proposed budget for 2021, that's the logical conclusion to reach.

Trump is proposing eliminating or drastically cutting aid to small businesses—even when such cuts result in insignificant savings. Trump's draconian recommended budget cuts would stifle the health and growth of this critical sector of our economy.

Presidential budgets rarely get enacted as proposed, but they are widely seen as reflecting a president's priorities and values. Taking a look at Trump's 2021 proposed budget, there's a clear message to the small businesses of America — whether in blue states or red states: "I'm just not that into you."

In 2017, Trump proposed — and got enacted — sweeping tax changes, significantly reducing taxes on large corporations and the super-rich. Those tax reductions resulted in huge deficits, increasing the national debt. Trump needs to show that he's doing something to help pay for his tax giveaways.

Now, you need to understand the scope of the federal budget. The fiscal 2021 budget is $4.8 trillion. That's TRILLION. America's national debt is $22 trillion. Shaving off a few million dollars from a very small program does virtually nothing to reduce the debt. But those programs might help hundreds of thousands of small businesses.

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On Feb. 10, President Trump released his Fiscal Year (FY) 2021 Budget proposal which details plans for defense and non-defense discretionary spending. The budget blueprint outlines $4.8 trillion in annual spending and estimates the deficit would be cut in half by 2024, however such a drop is unlikely given the steep spending cuts Trump proposed for many agencies and somewhat unrealistic assumptions for economic growth.Among the agencies targeted for cuts is the U.S. Small Business Administration which would receive a 25 percent cut in funds from the 2020 enacted level. Other major proposed cuts include: Commerce Department cut by 37 percent; Department of Labor cut by 11 percent; State Department cut by 21 percent; the Education and Energy Departments cut by eight 8 percent each; Environmental Protection Agency cut by 27 percent; and the Department of Health and Human Services by 9 percent.

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Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) released the following statement in response to President Trump's 2021 Budget request: "Instead of serving as a blueprint for the future, the Trump budget seeks to slash the funding our small businesses rely on to stay competitive and innovative in a 21st century economy." "I am extremely disappointed that the Trump administration takes aim at the Small Business Administration by proposing to cut the agency's budget by 25 percent, while also proposing cuts to federal entrepreneurial development initiatives by $93 million, a clear disinvestment in the hardworking small businessmen and women across America. With across-the-board cuts to these programs, resource centers such as Small Business Development Centers (SBDCs), Women Business Centers (WBCs), Veteran Business Outreach Centers (VBOCs), and SCORE mentors throughout the nation will find it more difficult to provide technical assistance, mentoring, and education to entrepreneurs, especially in underserved communities.

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(Washington, DC)–U.S. Senate Committee on Small Business & Entrepreneurship Ranking Member Ben Cardin (D-Md.) today issued the following statement on the Trump administration's Fiscal Year 2021 Budget, which proposes millions in additional loan fee increases on small businesses, as well as severe cuts to the Small Business Administration's (SBA) critical small business counseling programs:"With women and minorities driving growth in new business formation, SBA needs more resources to address the specific, historic barriers that entrepreneurs from underserved communities face, not fewer. Unfortunately, the administration's FY2021 Budget, with its 36 percent cut to business counseling programs and millions of dollars in loan fee increases, is just like the last three budgets: bad for business. As we did last year, I call on Congress to once again reject these harmful cuts."

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