White House adviser Kellyanne Conway Kellyanne Elizabeth ConwaySpecial counsel investigating DeVos for potential Hatch Act violation: report George and Kellyanne Conway honor Ginsburg Trump carries on with rally, unaware of Ginsburg's death MORE on Thursday predicted a boom in the creation of small businesses once the Republican tax-overhaul bill goes into effect.

“I think there are so many men and women in this country who are going to now start a small business, who are gong to say ‘I like what I see. The regulations are fewer. The tax code is simpler. The tax cuts are more robust, including for those pass-through companies,’ ” Conway said on “Fox & Friends.”

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The comments from Conway, who serves as counselor to President Trump Donald John TrumpBiden on Trump's refusal to commit to peaceful transfer of power: 'What country are we in?' Romney: 'Unthinkable and unacceptable' to not commit to peaceful transition of power Two Louisville police officers shot amid Breonna Taylor grand jury protests MORE, come following the House and Senate passage of the tax bill this week, giving the administration and congressional Republicans a major legislative victory.

“It also includes a president who since he was elected has presided over a booming stock market, booming consumer confidence, small business formation,” Conway said of the tax bill.

The White House has pushed the bill as an effort to provide tax relief to middle-class Americans, but Democrats have argued the bill favors the wealthy over the middle class.

Trump will reportedly sign the bill into law on Jan. 3.