Interviews

Small business owner salutes Trump push to slash regulations

Joy Weatherup Anthis, president of JWA Construction Management, met with the president

 

This is a rush transcript from "Your World," January 30, 2017. This copy may not be in its final form and may be updated.

NEIL CAVUTO, HOST: Do you ever do this at home? You get a new tie or blouse or whatever, and you take out an old one, right?

Well, that's kind of what the president was doing with regulations today, although he was upping it, that if you really want more regulations, for every new one you come up with, get rid of two.

Joy Weatherup Anthis met with the president today. She's president of JWA Construction Management.

Joy, very good to have you. Thanks for coming.

JOY WEATHERUP ANTHIS, PRESIDENT, JOY WEATHERUP ANTHIS CONSTRUCTION MANAGEMENT: Thanks for having me.

CAVUTO: I hear from a lot of small business types -- and I don't know if you're in this camp -- that sometimes regulations are a bigger issue than taxes. And here comes the president to say I'm going to try to slow this process down. What did you make of what he was saying?

WEATHERUP ANTHIS: You know, I think he has a good point.

And I can only spoke to my own experience. But the fact of the matter is that regulations create a cumbersome system for those of us that have our small businesses.

To be honest with you, we don't really have a staff of accountants and attorneys at the ready. We really don't have the resources to hire those folks to help us cut through the red tape of all of the regulations. It's very difficult. It's difficult to do anything when you just can't hire those people to help you out.

CAVUTO: So, ignorance is never a defense with this sort of thing. If you violate a regulation, you find out the hard way you're in a heap of trouble.

Now, the president outlined today this executive order, that that is the way it's going to go, we're going to slow this process down, that if anybody does want to come up with a new regulation, they have got to remove two others.

How likely do you think that is?

WEATHERUP ANTHIS: How likely is it that I think it will happen?

CAVUTO: Yes.

WEATHERUP ANTHIS: I think there's enough regulation out there that we could lose a few, to be honest with you.

(LAUGHTER)

WEATHERUP ANTHIS: I really feel as though it's probably going to happen on a large scale, only because, in my estimation and my experience today, he is on a mission.

He has an agenda. And he is going to get through it. And he wants regulations out there that, at least for small business people, are not too cumbersome for us. You know, we -- he's convinced that we have to create an environment for the small business people to grow. And too much regulation creates an environment where, you know, we just get bogged down.

CAVUTO: This looks more likely, at least from what the president was saying, Joy, than an imminent cut in taxes, that that might be pushed off.  Or they're having problems agreeing on how big a tax cut, et cetera.

How would you feel if the tax cut thing is put off, and maybe for a while?

WEATHERUP ANTHIS: You know, at this point, I would love to see a tax cut.

But the point -- there's a lot of issues with regulation that are all tied in. So, you know, it's day eight. Let's be honest. It's just day eight.  So, I'm sure he will get to it. There's just a lot to do.

CAVUTO: What is your sense of the plan to repeal Obamacare? The president was a fan of replacing it as quickly as possible. But there's some on the Hill who say it might not be replaced right away.

How would you feel or how does that affect you if they repeal the thing, but it's delayed, the replacement for it?

WEATHERUP ANTHIS: You know, to be honest, it's -- when we look at repealing Obamacare, it's something that is a work in progress.

It's not something that happened overnight either. And it's a difficult -- when you look at the whole picture, it is going to take a little bit to get it done. But, as I said, after meeting with him today, he looks like he's really going after his agenda.

CAVUTO: We will watch closely.

Joy, quite an honor to get in there to meet with the president. Joy Weatherup Anthis, JWA Construction, good seeing you.

WEATHERUP ANTHIS: Thank you so much for having me.

CAVUTO: All right.

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