Linda McMahon, the head of Trump’s Small Business Administrator, has recently penned an oped on the positive effects of the Trump tax cuts. The oped appeared in the Cincinnati Enquirer, with an extract here:
When I visited Cincinnati in September of last year, small business owners who joined a roundtable I hosted were clear on one thing – taxes were a burden taking too much time and money they’d rather be investing in their businesses.
“If I pay less taxes, I can accelerate our growth and create more jobs,” said the owner of a Cincinnati-based restaurant chain.
“Negotiating the large array of taxes we pay is difficult,” an entrepreneur from Fairborn said. “The complex IRS laws necessitate hiring an accountant and are an added burden.”
“Any money I can retain and reinvest in my business helps tremendously,” said the owner of a concrete supply company in Loveland.
Instead of government taking more money out of paychecks and profits, business owners are now able to put that money towards improving their business and making it more competitive in this increasingly globalized economy.