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[ Fri, May 09th 2025 ]: MassLive
People in Business May 5, 2025

White House dismisses Chamber push for small businesses tariff relief

The White House on Thursday rebuffed an effort to give small U.S. business owners any immediate relief from tariffs, saying those companies would get economic relief from tax cuts that Congress is seeking to extend. The U.S. Chamber of Commerce, in a letter to U.S. President Donald Trump's administration, asked for small companies to be excluded from tariffs if they can show it would harm U.S. workers and for products that cannot be made in the United States or are not readily available. "The re
The White House has dismissed a proposal from the U.S. Chamber of Commerce to lift the debt ceiling in exchange for spending cuts, with Press Secretary Karine Jean-Pierre stating that President Biden will not negotiate over the debt ceiling, emphasizing it as a fundamental obligation that must be met without conditions. This stance comes amidst ongoing debates and a looming deadline, as the U.S. government faces the risk of defaulting on its debts if the ceiling is not raised. The Chamber's suggestion included a one-year debt ceiling increase paired with spending reductions, but the White House remains firm on not mixing the debt ceiling issue with budget negotiations, highlighting the potential economic disaster of a default.

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