During a Punchbowl News conference, U.S. Senator Kevin Cramer (R-ND) participated in a discussion with Punchbowl co-founder and CEO Anna Palmer about the future of small businesses in rural America. The conversation covered topics such as government funding, tariffs, and the use of artificial intelligence by small businesses.
Cramer emphasized the importance of cooperation in Congress to pass an extension on government funding, stating, “as long as there’s full cooperation.” He noted that funding the government is a priority for most members and expressed his desire to avoid a shutdown.
Addressing concerns about regulatory changes during the Trump administration, Cramer acknowledged past issues but remained optimistic. “We suddenly have a president who wants to fix it all in one term,” he said. He believes that while there may be initial impulses from Donald Trump, moderation often follows.
On tariffs, Cramer was not overly concerned despite acknowledging potential retaliation impacts. He expressed confidence in Trump’s understanding of leverage as leader of a major consuming nation. “The pain on them is going to be worse than it is on us,” he stated regarding other countries’ reactions.
Palmer highlighted a Goldman Sachs survey showing 76% of small businesses worried about capital access. Cramer mentioned various programs available at state and federal levels, emphasizing the importance of utilizing these resources alongside community banks and credit unions.
Discussing tax reform, Cramer identified complexity as a barrier for small business investment. He supported making parts of previous tax reforms permanent and praised Senator Ron Johnson’s efforts for corporate America during past negotiations.
When asked about AI usage among small businesses, Cramer pointed out that fear might hinder rural communities from adopting new technologies. He stressed the need for education and training to overcome cultural barriers.
Cramer concluded with encouragement: “America is worth it. Hang in there. The American dream is alive and well.”
