SBA Administrator Linda McMahon statement on President Trump's Trip to Pennsylvania for Tax Reform

WASHINGTON, Oct. 11, 2017 /PRNewswire-USNewswire/ -- The following statement was made by U.S. Small Business Administration Administrator Linda McMahon on President Trump's visit to Pennsylvania, to speak on tax reform:

"As Administrator of the U.S. Small Business Administration, I have the privilege of hearing many small business success stories, but I also hear about the barriers that are keeping our entrepreneurs from achieving their dreams. When speaking with our nation's small businesses, I am told time and time again that our current tax code is holding them back. They want tax reform and they need it right now!

"The amount of time and money small business owners spend complying with our complicated system impedes their ability to grow. The President's plan will simplify the code, empowering the vast majority of Americans, including small business owners, to do their taxes on a single page.  By also cutting the small business tax rate to the lowest it has been in 80 years, our plan will help entrepreneurs invest more money back into their business, create more jobs, and raise wages for their employees. The President's remarks today to the trucking industry – which is the largest employer in dozens of states – remind us all who will benefit from this plan: the hardworking American families, who are long overdue for a break."

About the Small Business Administration
The U.S. Small Business Administration (SBA) was created in 1953 and since January 13, 2012 has served as a Cabinet-level agency of the federal government to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation.  The SBA helps Americans start, build and grow businesses.  Through an extensive network of field offices and partnerships with public and private organizations, the SBA delivers its services to people throughout the United States, Puerto Rico, the U.S. Virgin Islands and Guam. To learn more about SBA, visit http://www.sba.gov.

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Release Number: 17-63

SOURCE U.S. Small Business Administration

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http://www.sba.gov