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Reporter Bluntly Asks Stephen Miller: 'No On Tariff Relief For Small Businesses In The Short Term?'
Forbes Breaking News
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5/1/2025
At a White House press briefing, Stephen Miller was asked about tariff relief for small businesses.
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00:00
So, tariff.
00:00
We'll go to the back row.
00:02
Go ahead.
00:02
Thank you, Caroline.
00:03
Today, the U.S. Chamber of Commerce released a letter to the Trump administration asking
00:08
for small business tariff relief.
00:10
They say that's necessary because in order to save small businesses and to stave off
00:14
a recession.
00:16
Stephen, is the administration considering small business tariff relief?
00:19
The relief for small businesses is going to come in the form of the largest tax cut in
00:24
American history.
00:25
A tax cut, by the way, that every single Democrat is planning to vote against.
00:30
They're voting for a tax hike on every middle class family of about $4,000.
00:35
The president has made clear that there will be 100% expensing for investment in the United
00:40
States.
00:41
Companies that invest in the United States will be able to deduct 100% of that cost from
00:46
their tax liability.
00:47
This will be the most pro-small business tax bill in American history.
00:51
And at the same time, this is what you have to understand about the plan, is as they're
00:55
able to do that, as they're able to reshore those supply chains, that also means they'll
00:59
pay no tariff.
01:00
So you'll have the lowest tax environment and there'll be no tariff because their production
01:03
and supply chains will be in the United States.
01:06
Is that a no on tariff relief for small businesses in the short term?
01:09
It's a yes on tax relief for small businesses.
01:12
And again, you only pay the tariff for products that are made outside the United States.
01:18
Edward.
01:19
Yeah, thanks.
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