By Maryland State Wire Report |
May 27, 2023
U.S. Senator Ben Cardin (D-Md.), Chair of the Senate Committee on Small Business and Entrepreneurship, on May 19 released a report titled “Impacts of Budget Cuts and Brinkmanship on Small Businesses.” The report focuses on the challenges that small businesses will face if we default on our debt and what the effects of deep budget cuts will cause. It also examines how the Default on America Act, or the Limit, Save, Grow Act would severely curtail services, resources and incentives for current and future entrepreneurs and small business owners.