Pocan cites 50% small-business bankruptcy rise and 292k job losses in Loeffler tariff hearing
The segment covers a congressional exchange in which Rep. Mark Pocan questioned SBA Administrator Kelly Loeffler about tariff effects on small businesses. Pocan highlighted a 50% surge in small-business bankruptcy filings, 292,000 jobs lost in 2025 per Joint Economic Committee data, and average September tariff costs of $42,600, while pressing for targeted SBA loan programs. Loeffler disputed the figures, stated no specific tariff-relief programs exist, and asserted that foreign exporters pay most tariffs per Harvard and Richmond Fed analyses.
Source: BLUE STATE NETWORK (BSN)