Editorial Board

One Way for Trump to Help Small Business

Ease the regulatory burden on community banks.

February 3, 2017 at 12:00 PM UTC

Corrected

February 3, 2017 at 10:35 PM UTC

By The Editorial Board

The Editorial Board publishes the views of the editors across a range of national and global affairs.

Not the solution.
Photographer: Andrew Harrer/Bloomberg

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At a meeting with small-business leaders this week, President Donald Trump pledged to do “a big number” on the 2010 Dodd-Frank Act, which he blamed for cutting off the bank lending needed for growth. “It’s almost impossible now to start a small business and it’s virtually impossible to expand your existing business,” he said.

Trump is wrong about small-business starts. Since early 2010, new business creation has rebounded.