- August 18, 2024
- Posted by: legaleseblogger
- Category: Related News
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Former Small Business Administration Administrator Linda McMahon’s Concerns About Small Businesses Under a Harris-Walz Administration
Former Trump Small Business Administration head Linda McMahon is raising concerns over what the small business climate would look like under a Harris-Walz administration.
McMahon told FOX Business’ "The Big Money Show" Thursday that she was "afraid" of what would come with Harris and Walz at the helm.
"Let me just take you back a little bit under the Trump administration, where the small business climate was – we had lower regulations, we had lower taxes, we had the highest optimism rate, according to NFIB, from small businesses, you know, in decades, we had more businesses starting, the economy was flourishing, and it was a wonderful place to be for a small business owner."
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"So then, under the Biden-Harris administration, we saw [an] increase in regulations, increase in taxes, optimism levels fallen." She continued, "it’s just not the same place, and so you cannot have a vibrant economy if the small business community is not vibrant."
The former administrator addressed the Democratic presidential candidate’s proposal to implement federal price controls to stop "price gouging" on groceries and blamed the current administration for the economic "slump."
"When Kamala Harris talks about, you know, corporations and gouging prices and all of that, that’s not the reason for the slump in the economy. The reason is the policies that have gone under, you know, Biden, Harris, and I am afraid of what, you know, a Harris-Walz administration would bring with more regulation, more taxes – and I just think that’s what we’ll see."
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Small Business Challenges Under an Administration Focused on Price-Gouging Measures
"They’re afraid to grow," McMahon said. "Why would they invest in a business? Why would there be more business innovation, if that kind of damper is put on the enthusiasm for small businesses and giving them the tools to help them succeed rather than… giving them the environment in which to grow."
McMahon turned toward the vice president’s attempts to distance herself from the Biden administration’s economic policies, as Americans grapple with wage growth and inflation.
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