Small business owners were invited to the White House Tuesday to discuss economic policies that will protect and strengthen American small businesses.
NFIB members joined other leaders of the business community at the White House Tuesday to discuss the need for tax reforms and to promote economic policies that will benefit small business.
NFIB/Pennsylvania members John Bailey, owner of Bailey Coach; Douglass Henry, owner of Henry Molded Products; Les Neilly, owner of Neilly Canvas; and Steve Rennekamp, owner of Energy Swing Windows, had the opportunity to talk with the administration about tax reform at the White House event.
President Trump addressed the group, reiterating his promise that the administration is “pursuing bold tax cuts” and will continue eliminating, “job-killing regulations.” Small Business Administration administrator Linda McMahon and senior advisor and daughter to the President Ivanka Trump also met with small business owners and listened to their concerns.
Partisan gridlock led to the collapse of lawmaker efforts to repeal and replace the Affordable Care Act in the Senate last week, and business owners expressed their concerns surrounding the need for tax reform to maintain the relatively high business optimism recorded since the November election.
“As Washington shifts its attention to tax reform, small business will be watching,” said NFIB President and CEO Juanita Duggan in a press release following the failure of the ACA repeal last week. “Congress cannot fail again on this key small business priority—they must ensure small businesses are the central focus of tax reform.”
NFIB’s Small Business Optimism Index peaked in January, and has fallen 2.3 points since. For optimism to improve, lawmakers must pass a tax reform bill with small business at the center. NFIB continues to push for a simplified tax code that will reduce tax rates on small businesses and promote growth. During the meeting, Ivanka Trump promised comprehensive tax reform in conjunction with regulatory reform, including lowering the corporate rate.
The White House event reiterated the administration’s efforts to boost small businesses. “The American Dream exists for all of us and small businesses will continue to drive it home,” said McMahon.