Trump administration proposes raising revenue and employee caps to redefine 'small business'

The Trump administration wants to raise the revenue and employee thresholds that determine which companies qualify as "small businesses" for federal contracts and loans. Critics, including owners of genuinely small businesses, warn the change could allow billion-dollar companies to access preferences designed for small enterprises, squeezing out the smallest operators. The proposal would affect eligibility for a wide range of federal support programmes.

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