Last week, the White House held an Economic Summit. NFIB member Tom Ryan, vice president of Motor Technology, Inc., from York, Pennsylvania, attended panels on tax and regulatory reform. Tom Ryan, vice president of Motor Technology, Inc., from York, Pennsylvania, attended panels on tax and regulatory reform.
“The opportunity to hear directly from the President’s inner circle, including Steve Mnuchin, Larry Kudlow, Linda McMahon, and Ivanka Trump, was encouraging and motivating,” Ryan said. “The Tax Cuts and Jobs Act has definitely had a very positive impact on our family business, leading to improved compensation, extra training and new hiring to complement new capital investments in restored growth.”
TAKE ACTION: NFIB wants to hear how lower taxes have impacted your business. Share here.
The summit began with NEC Director Larry Kudlow presenting NFIB’s July Small Business Optimism Index, referring to the increase in small business optimism as “remarkable.”
“Virtually from the day of the election, [consumer] confidence starts to head north—abruptly and steeply—and it’s not done yet,” said NEC Director Larry Kudlow. “I’ve been a great believer now through the years that a healthy economy not only makes us a better country, it makes us better people, it makes us more optimistic, we’re better to each other and it solves a lot of problems.”
READ MORE ANALYSIS: What’s Driving Record-High Small Business Optimism?
The event also featured conversations with senior White House and Administration officials on the economic growth under President Trump, including the administration’s accomplishments in strengthening free market activity through tax reform and regulatory reform.
Other cabinet-level and senior staff members Chair of the Council of Economic Advisers Kevin Hassett and Director of the Office of Management and Budget Mick Mulvaney.