WASHINGTON, Sept. 6, 2017 /PRNewswire-USNewswire/ -- The following statement was made by U.S. Small Business Administration Administrator Linda McMahon on President Trump's visit to North Dakota, to speak on tax reform:
"I am very happy to see President Trump visiting North Dakota to speak on tax reform. The current tax system is a huge burden to Americans and directly impacts the success and advancement of our nation's small businesses. We will see a dramatic growth in the economy if we can lower our tax rate and simplify the tax code.
More than 98 percent of businesses in North Dakota are small businesses! By cutting taxes, we are putting more money directly into the pockets of the hard-working American entrepreneur. Consistently as I travel around the country meeting small business owners, they tell me that they will reinvest in their companies and hire more people if they can get a more favorable tax rate. We are looking for aggressive reductions, and I have the utmost confidence in President Trump that he will not settle for anything less than that."
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.
SOURCE U.S. Small Business Administration