Latest news with #JackFink
CBS News
a day ago
- Business
- CBS News
Small Business Administration launches Made in America initiative, tours businesses in North Texas
Small Business Administration administrator Kelly Loeffler visited North Texas as part of the SBA's Made in America manufacturing initiative, touring businesses across the country. Loeffler's North Texas stop was in Arlington. DSG Technology manufactures the world's first multi-environment ammunition. The company says the ammo targets combat divers and engages underwater targets from aerial platforms. Eye on Politics reporter Jack Fink discussed the initiative with Loeffler and three state representatives during their visit. "Small business is big business in America," Loeffler told Jack. "And this is what makes America strong, is when we have small businesses that can thrive, when big government gets out of the way, but also when the government provides solutions to make sure that small businesses can thrive. And that's why in the House and Senate, we're introducing a small business act that will ensure that manufacturers can get up to double the loan size up to $10 million so that we can grow manufacturing in America, because small manufacturers make up 99% of all manufacturers in America." Deregulatory efforts in Trump's "big, beautiful bill" "The SBA is working on a deregulatory effort and also access to capital, which is why we're supporting the legislature to double the loan size for manufacturers in America. I do believe it will pass," Loeffler said. "It's hard to argue against." "It shows how small businesses can be big business in America if regulations are left alone with them," Republican Congressman Roger Williams told Jack following their Arlington visit. Congresswoman Beth Van Dyne said, "I think the research and development that we're also supporting in this, you know, one big, beautiful bill is really going to be important to small companies like this, the one on and on a pass through to make sure that their taxes are not doubled." Congressman Jake Ellzey, "The tax cut and jobs act, tax cuts need to be made permanent. But what you're seeing here is the Texas miracle writ large. And companies are coming to Texas because we had a regulatory environment that was predictable. And now President Trump is trying to make that the same, nationwide." "Make Onshoring Great Again" Loeffler also told Jack about the "Make Onshoring Great Again portal" from the SBA that seeks to connect businesses with verified U.S. manufacturers, producers, and suppliers. The SBA website states the portal is "built to support companies that want to onshore operations, strengthen their supply chains, and source the components they need." "The SBA is taking a proactive step to make sure that small businesses know that there are about a million suppliers in this country already," Loeffler told Jack. "We're being part of the solution, along with expanded access to capital."
CBS News
04-05-2025
- Business
- CBS News
State Democrats may take legal action against Texas to block new school choice law
While dozens of Texas Republican lawmakers and those in the school choice movement will attend the historic ceremony, Democrats are considering their next move to attempt to block the bill. Texas Democratic Party chairman Kendall Scudder told me Democrats are considering taking legal action against the state to keep the education savings account bill from taking effect. In an interview with Jack Fink, Scudder said, "There isn't a lot that we can do on the policy front other than trying to litigate, which you very well may see. We're going to do everything and use every tool within our wheelhouse to try to protect community public schools from this onslaught of billionaires that are trying to keep our kids uneducated so they can keep their wages low... But let's be honest, it's a bit of a Hail Mary right now." The one-billion-dollar program will provide tax dollars for Texas students to attend private schools. Republicans say they are giving priority to disabled students and those from low-income families. However, Democrats say they believe most students who will enroll in the program will be from wealthy families and already attend private school. Texas Republican Party chairman Abraham George told Jack Fink he would welcome any lawsuit from the Democrats. "So the messaging to those parents is well, your kids are stuck in a failing school because you cannot afford to send them to a private school or a charter school or something else," said George. "So if that's what they want to take to the court and to the public square, I'm glad they're doing it because that will get more people to come to the Republican side and say, ok, we want a free market, we want school choice." The Texas Comptroller's Office is now charged with setting up this program, including setting the private schools that will take part, figuring out how parents can apply, and following the criteria set by lawmakers on how students will be selected. The law will go into effect during the 2026-27 school year.
