The House Small Business Committee will hold its annual budget hearing tomorrow at 1 pm in DC, and if the past is a good indicator of the future, predictions can be made as follows:

Both parties will emphasize the importance of small businesses in job creation. The Republicans will likely suggest cutting the annual budget, and the Democrats will try suggest the opposite; all while checking in with Karen Mills, Administrator of the US Small Business Association (SBA) to see how her organization if fairing with a freshly-halved budget.

That, in itself, is not that interesting. In fact, that’s how most House budget hearings are going these days. But, what will be interesting, is how each side will justify its position, while still asserting its firm stance that “small businesses drive job creation.”

Oh what a refrain.

When Chairman of the Committee, Rep. Sam Graves (R-MO) , ascended to the position on January 5th after the Republicans took the House, he brought more than a splashy picture for the website. He also carried the GOP pledge to America: to spend less, and to make jobs.

When Rep. Nydia Velazquez descended from that position to ranking minority member on January 5th, she vowed to also make jobs, but never mentioned cutting the budget to do so.

And now more than ever, Nydia is against the budget cuts at all levels, saying in a statement regarding the Fiscal Year 2011 Continuing Appropriations Act 2 weeks ago that cutting funds doesn’t yield job creation.

My guess is that Nydia and the Dems will point to the success of programs that encourage entrepreneurship, especially for women and minorities, as proof that complete funding is needed. I also would go out on a limb to say that Sam Graves and the Republicans will speak about American ingenuity and handwork bringing keeping small businesses running in “these tough economic times.”

Meanwhile, Karen Mills will be asked to weigh in on weighs to cut spending, but not quality programs for entrepreneurs. Mills, a President Obama appointee, has a history in venture capitalism and a Harvard M.B.A. But just two weeks ago, the Small Business Administration, of which Mills is the head Administrator, felt its budget halved from 2010, which was unusually high because of stimulus money.

To be honest, these vague guesses are a lay-person’s take on complicated politics, but you can bet I’ll be watching the live stream come 1 pm.