How The Democrats Lost Small Business Support

What I think the Democrats missed was this: 62% of jobs in America come from small businesses, those first, and second-generation family-run operations with 5 to 500 employees. They’re the backbone of our economy, and they’re far from clueless. They know exactly what a jump from a 21% to 28% corporate tax rate means because they’re the ones who pay it.

Now, the idea of taxing unrealized capital gains? That sent a shockwave through these communities. I invest in these people. I advocate for them. For small business owners, the thought of the government taking a cut before they’ve even made a dime? That’s not the American Dream, that’s a nightmare. It’s un-American.

This really struck a nerve with them, and it’s no wonder that pushback was fierce.