Central ND News

During a Punchbowl News conference, U.S. Senator Kevin Cramer from North Dakota engaged in a discussion with Anna Palmer, co-founder and CEO of Punchbowl News. The conversation focused on the future of small businesses in rural America, government funding, tariffs, tax reform, and the adoption of artificial intelligence.

Cramer addressed the imminent expiration of government funding at the end of the week. He expressed confidence that Congress could secure an extension quickly if there was full cooperation: “as long as there’s full cooperation.” He emphasized the importance of avoiding a shutdown: “It’s better than a shutdown, and let’s put 2025 in the rear-view mirror, at least from a funding standpoint.”

When asked about regulatory changes during Trump's administration and concerns about excessive deregulation under DOGE (Department Of Government Efficiency), Cramer remarked on past challenges: “The last four years been sort of outrageous...decades of waste, fraud, and abuse that's been tolerated by both political parties.” However, he noted some moderation: “I'm not as concerned about it as some of my colleagues are...I think you're going to see what you often see from Donald Trump.”

Discussing tariffs and their impact on agriculture states like North Dakota, Cramer stated: “I'm not overly concerned...if you're going to start one you better be able to win it.” He highlighted North Dakota's efforts to adapt by developing new markets: “North Dakota has built not one, but two...soybean crushing plant.”

Palmer cited a Goldman Sachs survey showing small business concerns about access to capital. Cramer pointed out various programs available to support small businesses: “There are federal programs as well...an ecosystem that can be very, very rich.”

Regarding tax reform simplification discussions in Congress, Cramer said: “The complexity of the tax code...is a barrier to investment.” He stressed making parts of previous tax reforms permanent: “the most important part...is to make as much of the Tax Cuts and Jobs Act as permanent as we can.”

On AI adoption among small businesses in different areas, Cramer identified fear and lack of training as barriers for rural communities: "Well, access and training would be important." He encouraged embracing opportunities while acknowledging cultural hesitations.

In conclusion, Cramer urged resilience amidst uncertainties faced by small businesses in rural America. He reaffirmed belief in the American dream despite challenges: "America is worth it. Hang in there."