Jason Taylor explains effect Trump's reelection has on small businesses

Episode Transcript

Speaker 1 (00:00):
Small business optimism has ticked up after Donald Trump's reelection.
Did you know small businesses account for the majority of
all new jobs created each year, So this is a
great sign. Joining me now is a small business expert
on startups, Jason Taylor. Jason, Welcome to the show.

Speaker 2 (00:14):
Thank you, John. Glad to be here.

Speaker 1 (00:16):
So this optimism, is this just something that's kind of
in the air or is there some reality to it, like,
is there actually a reason why they should be optimistic.

Speaker 2 (00:24):
This is palpable. It's measured. Yesterday, I had a thirty
nine month high small business owner optimism. And that's because
there is a perception that the incoming administration is going
to be across the board pro economic growth conditions and
pro business, keeping taxes low or introducing new tax cuts,

(00:46):
and trying to reduce the cost of energy, which affects
everybody in every business.

Speaker 1 (00:51):
And when we talk about the cost of energy, there's
also the cost of regulations with regard to the energy
where people are required to be green and non specific
in largely non workable ways. One of the things that
Donald Trump has been a big proponent of is rolling
back regulations. What are there any particular regulations that businesses
are really paying attention to to try and improve their

(01:12):
bottom line.

Speaker 2 (01:13):
Well, yes, I think at at the very beginning of
the administration, the first thing they're going to be able
to do via executive order is to roll back many
of the freezes on oil and gas exploration and oil
and gas pipeline projects that were put in place in
the first week by Biden. So right away, that is

(01:36):
the first way is getting the oil and gas and
natural gas and all of our petroleum products and industry
moving fast again so that we can produce more of
our own energy, which helps everybody in every sector and
every business.

Speaker 1 (01:53):
I remember when Donald Trump was in office the first time,
we very quickly became a net exporter of oil and gas,
and in other words, we have more than we need.
We were selling it to other countries. And we've kind
of turned that around under Biden. So I presume we
will or the intent is for us to go back
to that again.

Speaker 2 (02:08):
I think that is definitely the intent, because that's going
to be necessary to help grow business and grow the
economic opportunity for everybody, keep unemployment low. But there's a
lot of challenges out there. It's not going to be
just perfectly easy for Donald Trump to pull this off
because he can't let inflation take off again, or if

(02:32):
that happens, the FED won't be able to ease rates back.
And the next space that needs some tailwinds is the
commercial real estate and residential real estate markets, which are
frozen up by interest rates.

Speaker 1 (02:50):
It would be great if we were able to see
some additional home building because then more inventory means that
the rates presumably that costs would go down, and that's
going to and that's bound to help reduce inflation.

Speaker 2 (03:02):
I think, yeah, you know, at code launch dot com,
where we help tech startups launch by building their products
for them, we see a lot of people trying to
take advantage and build new products that will help the
residential mortgage space and also the building space. So new
ways that homebuilders can build innovative new houses by using

(03:25):
new tools which make it faster and cheaper, and that
will just help everyone.

Speaker 1 (03:29):
Jason Taylor, a small business expert on startups, thank you
so much for joining us this morning on Alabama's Morning
News