PROTECTING SMALL BUSINESS, PROMOTING ENTREPRENEURSHIP

President Trump Stumps for Tax Reform In North Dakota

By at 6 September, 2017, 4:48 pm

NEWS

Tax Reform Will Fuel Small Business Growth and More Entrepreneurship In America

FOR IMMEDIATE RELEASE

Washington, D.C. – Today, President Donald Trump traveled to North Dakota to talk about the critical need for tax reform. Small Business & Entrepreneurship Council (SBE Council) President & CEO Karen Kerrigan issued the following statement regarding his remarks:

“Small businesses are grateful that President Trump is using the bully pulpit to fuel momentum for tax reform.  Entrepreneurs and small businesses need a tax system that supports their growth, encourages investment and capital formation, and allows them to operate competitively in the global economy. That means having access to more of their hard-earned profits to reinvest back into their businesses, employees and local communities.  The economy will more grow more quickly, and Americans will have greater opportunities. A vibrant and growing economy will also fuel the confidence and resources that people need to take the risk of starting a business.  With 3.4 million missing businesses in our economy, tax reform is a key policy solution that will encourage more entrepreneurship in America.  Furthermore, encouraging all businesses to do more business in the U.S. and bring their profits back home means small business suppliers have expanded opportunities to grow their revenues and increase wages for their employees.

“It is very positive to see Senator Heidi Heitkamp alongside President Trump in support of tax reform. There is broad support across America for tax reform and Senator Heitkamp’s colleagues need to follow her example and work across the aisle to find common ground.  SBE Council and its members look forward to working with members of Congress from both political parties who want to provide entrepreneurs, small businesses and their employees with a simplified tax system that eases their burdens, and provides the tax relief they need and deserve.”

Some Facts about North Dakota:

Policy Environment: The state ranks 16th on SBE Council’s Small Business Policy Index, which ranks the states for policy friendliness.

Number of Small Businesses:  According to the SBA Office of Advocacy, there are 73,021 small businesses in North Dakota, employing 209,576 residents, or 58.1% of the private workforce.

Startup Gap: North Dakota, like most of the U.S., could use more startup activity – the latest data finds there are more business exits than startups.

CONTACT:

Karen Kerrigan, kkerrigan@sbecouncil.org

703-242-5840 

SBE Council is a nonpartisan, nonprofit advocacy, research and education organization that works to protect small business and promote entrepreneurship. For nearly 25 years SBE Council has worked to successfully implement a range of policy and private sector initiatives to strengthen the ecosystem for startups and small business growth. To learn more, visit SBE Council’s website: www.sbecouncil.org. Follow on Twitter: @SBECouncil

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