lunes, 9 de octubre de 2017

OPEN YOUR MIND || Common Sense Tax Reform Will Accelerate Small Business Success


- Linda McMahon, Guest Op-Ed Penn Live

In a guest column for Penn Live, SBA Administrator Linda McMahon quotes Wendy, a small business owner in Pittsburgh, who says tax reform is “the single most critical piece of legislation” that needs to be passed. McMahon writes that if Wendy’s tax rate were lower, she would be able to double her growth projections over the next five years, which would mean she could hire more workers. “Wendy is far from the only small business owner pleading for tax reform,” McMahon states, and that she hears a common theme amongst those individuals: “they want their taxes to be lower and less complicated.” McMahon also lays out the fundamentals of President Trump’s tax framework, focused on the four pillars to make it easy, make it fair, win again, and bring it home, before concluding that “America’s 29 million small businesses are the engines of our economy. Common sense tax reform will accelerate their success and fuel our nation’s economic growth.”
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At Fox News, contributor Steve Cortes writes that President Trump “has already delivered real results for Hispanics” on the economy, ending the DACA program with “empathy,” and his administration’s response to Hurricane Maria hitting Puerto Rico.
In foreign policy news, Bryan Bender of Politico reports President Trump plans to launch a new public campaign against the Lebanon based armed wing of Hezbollah as a part of a broad effort to counter the malign activities of Iran, who happens to be the chief backer of the militant group.
Regarding tax reform, former Chairman of the Council of Economic Advisers Glenn Hubbard writes in The Wall Street Journal that President Trump’s tax framework “offers economic gains from lower business tax rates, a competitive territorial tax system for multinational companies, and more-favorable treatment of business investment in plant and equipment.”
And in the Washington Examiner, Americans for Prosperity’s Christine Harbin writes that the Trump administration’s “efforts in regulatory relief have not grabbed a lot of headlines in the media, but they have had significant impact in peeling back the regulatory state left over from President Barack Obama and prior administrations.”

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