From the Star Ledger:
U.S. Small Business Administrator Linda McMahon discussed the Republican tax cut plan on a trip to New Jersey on Saturday as supporters touted the proposal as an elixir for economic growth.
On her first trip since House Republicans released their proposal, McMahon, a member of President Donald Trump’s Cabinet, was expected to meet with small-business owners in Cranford and Cinnaminson on Saturday.
It was part of her Ignite Tour, an effort to visit all 68 district offices of the Small Business Administration and talk with small business owners about how the agency can help them create jobs and improve the economy.
“I want to make sure SBA is not the best-kept secret in the country,” McMahon said. “The president’s agenda is really to grow this economy.You support small businesses because small businesses are the engine of our economy.”
This time, the discussions also included the Republican tax plan, which was officially released on Thursday and is supported by Trump.
“If they pay less tax and have more money in their pockets, they will grow their businesses,” McMahon said in an interview. “That is what every business tells me without fail: If they had more money in their pockets, they would reinvest it in their company. They want the business to be able to grow. They want to hire more people.”
While McMahon came to New Jersey, Vice President Mike Pence and Labor Secretary Alexander Acosta headed to York, Pennsylvania, on Saturday to discuss the tax bill with business owners there.
The emphasis on small businesses is this: There are 30 million small businesses, accounting for 96 percent of all businesses in the U.S., according to the SBA. They account for two of every three net new private sector jobs in the U.S.