Steve Forbes, chairman and editor-in-chief of Forbes Media, announced his “full support” Wednesday for Job Creators Network’s TaxCutsNow campaign.
“The Job Creators Network has launched a major multi-million dollar campaign to push Congress to pass significant tax cuts for small businesses and the hardworking taxpayers that operate them — with the most recent effort being a tax cuts now bus tour that will culminate at an event in the nation’s capital,” Forbes said in a statement.
“Small businesses have experienced unreasonably high federal tax rates for far too long and it’s limiting their ability to create jobs, raise wages, and contribute to economic expansion,” Forbes said. “The effect tax cuts will have on small business entrepreneurs will be huge because they are responsible for a large majority of all new job creation in the country.”
Forbes’ endorsement came while the Job Creators Network’s national bus tour was holding an event in Louisville, Kentucky, where Jordan Harris, Founder of Pegasus Institute and Gary Smith, CEO of Kentucky Trailer spoke to voters and local residents.
In February, Forbes said Congressional Republicans could risk losing majorities in the House if they didn’t deliver on their promise to pass tax reform.
“I think Trump realizes if this economy doesn’t grow, his presidency is finished, would be seen as a failure,” he said on CNBC’s Squawk Box. “That’s why I think he needs to move fast on the tax cuts, get things moving.”
President Trump outlined his administration’s vision for what he called “the American plan” earlier this month in front of a large crowd in Bismarck, North Dakota.
“So we’re here today to talk about our plan to create a new age of American prosperity by reducing the crushing tax burden on our companies and on our workers,” Trump told the audience. “The taxes are crazy — the highest-taxed nation in the world. We’re going to turn that around very quickly.”
“By working together, we’re going to restore America’s competitive edge by passing tax cuts and reform that makes America the best place in the world to hire, invest, and to grow,” the president said. “We love our country, we love our people, and we want to create more jobs in America, for Americans.”
The Job Creators Network TaxCutsNow bus tour will continue Thursday in Christiansburg, Virginia. The bus tour will conclude with a “15% on the 15th Rally” in Washington, D.C., on September 15, where legislators, several trade associations and headlined by economist Stephen Moore.
Follow Jerome Hudson on Twitter @jeromeehudson