Linda McMahon worries about small businesses under Harris admin.

Linda McMahon, former head of the Small Business Administration under President Donald Trump, has voiced significant concerns about the potential impact of a Harris-Walz administration on the small business climate in the United States. In a recent appearance on FOX Business’

“The Big Money Show,” McMahon expressed apprehension about what could transpire if Kamala Harris, the Democratic presidential nominee, and Tim Walz, the governor of Minnesota, were to lead the country.

McMahon’s remarks reflect her perception of a stark contrast between the economic environments fostered by different administrations. During the Trump presidency, McMahon highlighted a period characterized by reduced regulations, lower taxes, and heightened optimism among small business owners.

According to her, this era saw a flourishing economy with high rates of new business formation and overall positive sentiment within the small business community. The Trump administration’s approach, as McMahon described, created an environment where small businesses could thrive, attributing this success to policies that promoted economic growth and minimized bureaucratic hurdles.

In contrast, McMahon criticized the Biden-Harris administration for what she views as detrimental economic policies. She argued that under President Joe Biden and Vice President Kamala Harris, there has been a noticeable increase in regulations and taxes.

McMahon pointed out a decline in small business optimism and attributed this shift to the current administration’s policies, which she believes have stifled economic growth and created a less favorable environment for small businesses.

McMahon specifically addressed Harris’s proposal to implement federal price controls to combat what she termed “price gouging” on essential goods like groceries.

She argued that such measures would not address the root causes of the economic challenges faced by small businesses. Instead, McMahon contends that the real issue lies with the broader economic policies of the Biden administration, which she believes have contributed to an economic slump.

In her critique, McMahon also focused on Governor Tim Walz’s record in Minnesota. She highlighted Walz’s implementation of high corporate tax rates in the state, suggesting that such policies have negatively impacted the business environment in Minnesota. McMahon warned that similar policies on a national scale under a Harris-Walz administration could further hinder small business growth and innovation.

McMahon’s concerns extend to the broader implications of regulatory and tax policies on small businesses. She argued that excessive regulation and high taxes create a discouraging environment for business growth and investment.

According to McMahon, if small businesses perceive the regulatory landscape as too restrictive or costly, they may be less likely to expand or innovate. This, in turn, can stifle enthusiasm for entrepreneurship and prevent businesses from reaching their full potential.

Additionally, McMahon criticized Harris’s attempts to distance herself from the economic policies of the Biden administration. She argued that Harris should be held accountable for the policies she supported, emphasizing that these policies have not effectively addressed wage growth or inflation.

McMahon pointed out that if wages do not keep pace with inflation, workers may struggle to make ends meet, leading to additional economic stress and potentially forcing people to take on second jobs or delaying retirement.

In conclusion, McMahon underscored the importance of supporting small businesses and American workers as essential components of a healthy economy. She believes that fostering a supportive environment for small businesses is crucial for economic growth and prosperity.

According to McMahon, the success of small businesses and the broader economy is intertwined, and effective policies should aim to nurture and sustain both. As she looks ahead to the possibility of a Harris-Walz administration, McMahon remains apprehensive about the potential impact of their policies on the future of small businesses in the United States.