A Quote by Steve Mnuchin
We want to see huge growth in this economy in small- and medium-sized businesses.
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I spend most of my career as a management consultant, a businessman working with family-owned small and medium-sized businesses. The businesses that make up the core of our economy.
I think everybody is in agreement that America is a great entrepreneurial nation. We have got to encourage that. Of course, we have to support small and medium-sized businesses. But you can have all of the growth that you want and it doesn't mean anything if all of the new income and wealth is going to the top 1 percent.
What we need to do is support small and medium-sized businesses, the backbone of our economy, but we have to make sure that every family in this country gets a fair shake... not just for billionaires.
Connecting small and medium-sized businesses to international markets can create work for host country nationals alongside refugees, building economic growth and resilience in host communities.
Tourism, viticulture and agriculture, logging and mining, ranching and manufacturing and ever-increasing numbers of small and medium-sized businesses are just a few of the industries, within this diverse riding, that help maintain a growing economy.
What we need to do together is to put in place the kind of - foster the kind of environment where businesses of all sizes - small, medium or large - want to invest, want to do the innovative things that our businesses here in America are known for doing, want to grow our economy and want to create the kind of jobs that will bring - reduce that unemployment rate.
In fact, 80 percent of our domestic job growth comes from the small- and medium-sized business community.
The American economy is driven by small business. And there's nothing basically to create incentives for small businesses. We've done no tax reform. They're the highest-taxed group in the country. And corporations can go anywhere they want and do whatever they want. Small businesses have to stay.
I am not a creature of giant business and I think that small- and medium-sized businesses will derive the most benefit from the removal of bureaucratic obstacles to trade.
Obviously we don't have 300 million people. We haven't got a big army. We don't have Hollywood. We're a medium small-sized country. We have to do what medium small-sized countries do, which-even though we're not smarter than other people-is to make ourselves seem to be smarter. We have to work harder and know more than other people.
The future of publishing lies with the small and medium-sized presses, because the big publishers in New York are all part of huge conglomerates.
I call crony capitalism, where you take money from successful small businesses, spend it in Washington on favored industries, on favored individuals, picking winners and losers in the economy, that's not pro-growth economics. That's not entrepreneurial economics. That's not helping small businesses. That's cronyism, that's corporate welfare.
We also need to reduce corporate tax rates. This applies to small, medium and large businesses. At 35 percent, we have the second highest corporate rates in the world. It restricts the growth of small enterprises that need to plow capital back into their businesses and forces companies and jobs to move overseas.
We've been in the business of regional banking, and we understand what it is to make loans, and that's the engine of growth to small and medium sized business.
Having what I call crony capitalism, where you take money from successful small businesses, spend it in Washington on favored industries, on favored individuals, picking winners and losers in the economy, that's not pro-growth economics. That's not entrepreneurial economics. That's not helping small businesses. That's cronyism, that's corporate welfare.
On the Internet, companies are scale businesses, characterized by high fixed costs and relatively low variable costs. You can be two sizes: You can be big, or you can be small. It's very hard to be medium. A lot of medium-sized companies had the financing rug pulled out from under them before they could get big.
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