Tags: CPAC | kellyanne conway | linda mcmahon | tax reform | economy

Conway, McMahon Tout Tax Reform Cuts, Advantages for Economy

Conway, McMahon Tout Tax Reform Cuts, Advantages for Economy
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By    |   Friday, 23 February 2018 03:58 PM

Presidential counselor Kellyanne Conway and Small Business Administration Secretary Linda McMahon Friday extolled the advantages for businesses and individuals under President Donald Trump's administration, particularly when it comes to how taxes have been cut and regulations have been eased.

"I think my story is very common where you're looking to convert a hobby or a skillset into a profitable business and at the same time try to build a parallel track to the traditional workforce that for whatever reason you think does not or may not work for you long term," said Conway during a joint interview with McMahon at the Conservative Political Action Conference (CPAC) event being held this weekend in Maryland.

Conway, before becoming involved with Sen. Ted Cruz' presidential campaign in 2016 and then switching to the Trump campaign, had founded her own public research company, and commented Friday that as a small business owner, most of the struggles involved were about complying with taxes and regulations.

"Really, most small business owners in this country and aspiring entrepreneurs in this country, they believe they can do it," Conway said. "They don't lack for desire. They don't lack for will. They don't lack for moxie. They don't want for self-awareness and self-respect."

However, they do wonder what their tax and regulatory burden will be like in a few years, said Conway.

"This is why you see this growth in this explosion now that now that the tax cuts are real," she said.

The basic principle of the recent tax reform and cuts is "freedom," she added, as taxpayers get to hold onto more of their hard-earned money, which will create a ripple effect in the economy.

"I just think it's a shame that people were lied to that the tax cut wasn't going to happen, and it couldn't pass, then if it did it would benefit the wealthy and well-connected ... you couldn't get a single Democrat to vote for it," said Conway. "I think that's regrettable because we would like these measures to be bipartisan and I don't know how many of those senators and members of Congress are going to go home and explain why their constituents are benefiting directly from this tax cut."

McMahon, meanwhile, said the time is right now for people to start a business, or even to come to the United States to start a business. It's also the right time for people already in business to grow their companies, she added.

"Optimism couldn't be higher with these tax cuts that are in place," said McMahon. "I have had the opportunity over the last few months to travel all around the country. I've been now to 32 states, and I visited with small businesses, had roundtables, gone through many factories and all of that, and the enthusiasm is so high."

Businesses had first been hoping for tax cuts, but now that they are a reality, the businesses are reporting hiring more people, offering bonuses, and saying they'll produce more goods and services.

"It is a positive, positive momentum," said McMahon.

She noted that she knows what it's like to be in business, from the years watching the World Wrestling Federation, which she owned with husband Vince, growing.

"That's one of the things that President Trump said to me He said, 'I want someone who's actually built a business, who knows what it's like to have to struggle, to have successes and failures.' My husband and I were even bankrupt at one point and lost everything and had to rebuild."

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Presidential counselor Kellyanne Conway and Small Business Administration Secretary Linda McMahon Friday extolled the advantages for businesses and individuals under President Donald Trump's administration, particularly when it comes to how taxes have been cut and...
kellyanne conway, linda mcmahon, tax reform, economy
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2018-58-23
Friday, 23 February 2018 03:58 PM
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