Business

Published on August 31st, 2017 | by Millennium Magazine Staff

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SBA Administrator Linda McMahon statement on Tax Reform in Relation to Small Businesses

WASHINGTON – The following statement was made by U.S. Small Business Administration Administrator Linda McMahon on tax reform in relation to small businesses:

“One of the biggest struggles I hear from small business owners as I travel around the country is the dire need for tax reform. What most people don’t realize is the typical small business owner is not only the owner and business manager but also the janitor, salesperson, chief strategist and chief financial officer. With our current complex and ever changing tax code, entrepreneurs often need to hire a team of tax professionals to advise them on tax issues and prepare their returns. They’re telling me that this is money they would much rather be putting back into their businesses, hiring more workers, or expanding into new markets.

There are 30 million small businesses in America and the consistent message from all is that they want tax reform that would result in something easier to understand, with lower rates. They want certainty so they can make some plans! If we can ensure that the American small business owner keeps more of their hard earned money, we will see more jobs created and in turn, a stronger economy.”

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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