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GOP's new 'small business' scheme is a scam
What happened
AlterNet reports that Trump administration officials expanded the Small Business Administration’s definition of a “small” business, raising a cited annual-sales threshold from less than $25 million by roughly 1,000 percent. The change allows some companies with billion-dollar operations to qualify for benefits carrying the small-business label.
According to the outlet, those benefits include federal grants and contracts intended to support smaller firms. The practical result is that large companies—with greater access to capital, lobbyists, and lawyers—can compete against…
The skinny
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