Treasury Secretary Mnuchin visits Parkersburg

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PARKERSBURG, W.Va.-(WTAP) Updated: 8/28/2017 5:30 P.M.

Next on Congress' agenda: tax reform. At least in the view of the Trump Administration, which says the president is to make a major announcement on the subject this week.

It's the issue that brought Treasury Secretary Steven Mnuchin to Parkersburg, and a meeting with local business leaders, most of whom run small businesses.

"Tax reform and the economic engine of this country is not about big business, it's about medium and small business," Mnuchin said after a meeting with local businesses at the Parkersburg Brewing Company. "That's the economic opportunity for growth."

And those businesses generally liked what they heard.

"Tax reform may encourage more investment, more entrepreneurship, more work from a lot of different perspectives," said John Deskins, Director, Bureau of Business and Economic Research, West Virginia University. "So it's very important for us."

There's not much agreement from demonstrators representing Wood County Indivisible. They showed up at the secretary's visit to the Bureau of the Fiscal Service, in protest of the president's policies.

Members of Congress who accompanied Mnuchin to Parkersburg said they're being told differently.

"We heard today, what would you do if you had tax reform, in asking small businesses," said Sen. Shelley Moore Capito. "Increase wages, purchase more equipment, expand business, and that means more jobs."

"I think the president has indicated, by virtue of all the leaders he is bringing in to West Virginia, is that he cares about this state," said First District Congressman David McKinley. "And I hope we can follow through and keep going with that."


U.S. Treasury Secretary Steven Mnuchin is in Parkersburg today, meeting with the area's congressional delegation, with a stop at the Bureau of the Fiscal Service.

Mnuchin, Sen. Shelley Moore Capito and Congressman David McKinley met this morning with local Fiscal Service representatives.

The group is to later participate in an economic roundtable meeting with local business leaders.

When Mnuchin arrived this morning, he was greeted by members of Wood County Indivisible, who staged a demonstration calling on officials to reach an agreement on raising the debt ceiling, and avoiding a shutdown of the federal government in September.

We'll have more on the secretary's visit at www.thenewscenter.tv, and on WTAP News.