Sen. Kerry: President's Budget Doesn't Meet Needs of Small Businesses

Summary

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WASHINGTON, Feb. 6 /U.S. Newswire/ -- The President's budget request for fiscal year 2007 does not meet the needs of America's small business owners, Senator John Kerry, Ranking Democrat on the Senate Committee on Small Business and Entrepreneurship, charged today.

"This is the James Frey version of a budget if ever I saw one," said Kerry. "While President Bush brags about government costs going down for the Small Business Administration, he fails to tell the truth that slashing federal resources over the years raises costs for small business owners. And not just for small businesses: The Administration is proposing to increase costs for homeowners and businesses devastated by disasters like Hurricane Katrina. A president's budget defines priorities. But the President's rhetoric on keeping America competitive doesn't match reality when it comes to key programs that foster small business innovation. This budget cuts or eliminates key programs that meet the needs of small businesses."

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Sen. Kerry: President's Budget Doesn't Meet Needs of Small Businesses

Following is a brief overview of the impact of the President's budget on small businesses:

1. Overall -- While the President's FY2007 request ...

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