http://www.bloomberg.com/apps/news?pid=10000103&sid=agjitj7LvXNQ&refer=usBush's Budget Cuts Target Support for Small Businesses He Touts
April 6 (Bloomberg) -- Colorado entrepreneur Susan Brown has just the kind of success story that President George W. Bush likes to tout when he talks about the importance of small businesses to the U.S. economy.
Brown ``turned over every rock on the planet'' looking for money to finance the business she started in 1990 outside Denver to manufacture baby pillows. After several banks turned her down, she got $40,000 and business counseling through the Small Business Administration's Microloan program; her Boppy Co. now has $20 million in annual sales and 24 employees.
``Without the Microloan, there is absolutely no way I would be here,'' said Brown, 51.
Now Bush wants to eliminate the program, and cut similar ones, to help narrow a federal budget deficit projected at $423 billion this year. His proposals hit at a constituency that is his natural ally on many of his other initiatives, such as cutting health-care costs and pruning government regulations -- and is the source of 70 percent of new jobs created in the U.S.
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Bush's budget proposal seeks to cut the government-funded centers that Wilson represents. Some of the centers -- which provide counseling on business plans, marketing and international trade to entrepreneurs -- are already being forced to close or cut hours because of previous cuts, Wilson said.