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Financial guru Dave Ramsey has warned that federal lawmakers need to ‘do their job’ to help save Americans’ money with their economic policies.
Rich businessman Ramsey expressed his thoughts at the EntreLeadership Summit in Denver, Colorado, stating on Fox Business that lawmakers need to pass legislation that allows citizens to maintain their wealth. He emphasized the simplicity of the matter, urging politicians to focus on their responsibilities and make decisions in favor of financial security.
Ramsey criticized the internal conflicts within the political sphere, referring to them as unnecessary obstacles that hinder progress. He particularly denounced the notion that the government prioritizes supporting small businesses, dismissing it as insincere rhetoric.
Ramsey didn’t hold back on his feelings about the recent uncertain shift in the economy, especially when it comes to tariffs.
The wealthy financial expert, with an estimated net worth of $200 million, highlighted the importance of resolving trade disputes and implementing effective financial policies. He believes that once these issues are addressed through appropriate legislation, Americans can look forward to a more stable economic climate.
‘What we need is a predictable environment,’ he told Fox Business.
‘If I know this is what my cost is, then I know that this is [what] my price is. Or I know I can’t make it in that country anymore, I need to make it a different country. And I’ve got to resource, you know, reset my resources.’
President Donald Trump has made it clear he wishes for more things to be made in America, including movies, which he recently placed a 100 percent tariff on for any production produced outside of the US.
The Republican has also recently announced a ‘big, beautiful bill’ that passed in the House.
The package also provides for $350billion to go to MAGA projects including to Trump’s new ‘Golden Dome’ missile defense system and his mass deportation policies.
To fund the massive loss in federal revenue, Congress has decided to make deep cuts to social programs and add work requirements to Medicaid.
It is also estimated to add about $3trillion to the national deficit – which terrified some of the far-right conservative voting block.
The bill is expected to be heavily edited in the Senate, including cutting taxes on tips and overtime and auto loans, as well as, extending Trump’s 2017 tax cuts and increasing the Child Tax Credit.
Ramsey isn’t too sure small businesses are being protected under this new economy.
‘These guys in here will tell you, they spent half their lives and a lot of money just trying to keep from getting the snot beat out of them by Washington,’ Ramsey told Fox Business.
‘It’s the unpredictability that kills business in general, but it’s devastating to small business,’ the entrepreneur, who voted for Trump, continued. ‘All I need is a predictable environment, and then I’ll pivot and I’ll exist.’
Small business owners’ fear and hesitancy is a far cry from how they felt in December, right before Trump was gearing up for his inauguration.
Following Donald Trump’s November victory, small business owners were feeling more hopeful than they have in years, a poll showed.
Job Creators Network Foundation (JCNF) regularly surveys 400 small business owners to glean how they feel about economic and policy issues in the news.
The results reveal that small business owners’ feelings about the US economy had hit its highest level since July 2021.
It found that more than six in 10 small business owners were optimistic that the Trump administration would be positive for Main Street.
The survey also revealed that these owners voted for Trump over Kamala Harris by a whopping margin.
They backed Trump 51 percent to Harris’ 34 percent, a giant 17-point margin, the survey found.