Kevin O'Leary, a prominent advocate for Trump's economic policies, has publicly criticized the President's ambitious budget bill. While Trump seeks to push the package through Congress, O'Leary emphasizes potential negative impacts on small businesses, particularly regarding extended IRS audit powers. He argues this provision is unfair and could destabilize business valuations. O'Leary plans to advocate against the bill in Washington, indicating strong concerns over its implications for entrepreneurship, despite the bill's purported benefits promoted by others like Fox Business host Maria Bartiromo.
O'Leary criticized Trump's budget bill for giving the IRS extended powers to audit small businesses, claiming it will create chaos in valuations.
He expressed his frustration by stating he will go to Capitol Hill to convince Republicans against voting for the bill, emphasizing the unfairness to small businesses.
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