At a White House press briefing, Stephen Miller was asked about tariff relief for small businesses.
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00:00So, tariff.
00:00We'll go to the back row.
00:02Go ahead.
00:02Thank you, Caroline.
00:03Today, the U.S. Chamber of Commerce released a letter to the Trump administration asking
00:08for small business tariff relief.
00:10They say that's necessary because in order to save small businesses and to stave off
00:14a recession.
00:16Stephen, is the administration considering small business tariff relief?
00:19The relief for small businesses is going to come in the form of the largest tax cut in
00:24American history.
00:25A tax cut, by the way, that every single Democrat is planning to vote against.
00:30They're voting for a tax hike on every middle class family of about $4,000.
00:35The president has made clear that there will be 100% expensing for investment in the United
00:40States.
00:41Companies that invest in the United States will be able to deduct 100% of that cost from
00:46their tax liability.
00:47This will be the most pro-small business tax bill in American history.
00:51And at the same time, this is what you have to understand about the plan, is as they're
00:55able to do that, as they're able to reshore those supply chains, that also means they'll
00:59pay no tariff.
01:00So you'll have the lowest tax environment and there'll be no tariff because their production
01:03and supply chains will be in the United States.
01:06Is that a no on tariff relief for small businesses in the short term?
01:09It's a yes on tax relief for small businesses.
01:12And again, you only pay the tariff for products that are made outside the United States.
01:18Edward.
01:19Yeah, thanks.