Small-business confidence hits record high after Trump tax-reform win

Small-business confidence is surging in 2018 as optimism rises among small-business owners about the newly enacted tax-reform package, according to the latest CNBC/SurveyMonkey Small Business Survey, released Tuesday. The CNBC/SurveyMonkey Q1 Small Business Confidence Index saw an increase of five points, from 57 to 62, a record high and the largest quarter-to-quarter move the index has seen since CNBC and SurveyMonkey began measuring last year. This is the first survey since President Donald Trump signed the Tax Cuts and Jobs Act into law on December 22, 2017.

In the Q4 survey, small-business owners were split evenly on the core question about the effect that tax policy would have on their business. Opinions have shifted significantly: Twice as many now expect changes in tax policy to have a positive rather than negative effect on their businesses. Forty-six percent of those surveyed say tax policy changes will have a positive effect, up from 38 percent in the fourth quarter. The number of those saying tax policy changes will have a negative impact fell sharply, from 36 percent in the fourth quarter to 23 percent in the most recent survey.

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The National Small Business Association, a nonpartisan lobbying group, also recently released its Year-End Economic Report for 2017, which found that more than half of small-business owners feel the national economy is doing better than it was just six months ago. This is compared to 43 percent who reported the same in December 2016, and only 20 percent in December 2015. In addition, 59 percent said they anticipate economic expansion in the next year, and more than one-third of small-business owners said they felt very confident about the future of their own business, the highest level in more than a decade.

Read more at CNBC

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Osborne
Osborne
2 years ago

GO TRUMP!!!

Gerald storey
Gerald storey
2 years ago

Chinese are forcing us out of business, buying saw logs needed for manufacturing lumber here in the USA

Charlotte walsh
Charlotte walsh
2 years ago

Go Mr President rock the w/house I think your doing a great job and love that your draining the swamp you can tell everyday they scream louder and louder so keep it up!!!

Don Lieske II
Don Lieske II
2 years ago

MAGA, rack up legislative victories and back them up with Executive Orders as needed. 8 years of business method done in the first 2 years. Vet 100% of taxpayers dollars and 150% of immigrants. Build 150% of the wall required. Phase in new tariff s and empathize core industries. Focus infrastructure upgrades on waterways and bridges. Get the Harvey corrections done on Houston’s bayous and bridges. Limit tolls to $1.00 per station and 5 years maximum. Tolls are way too high now, our kids can’t afford tolls. Show all projected saving as a running total.

Carl Pyzowski
Carl Pyzowski
2 years ago

Let it to a businessman and not a dictator traitor to the American people. It is enterprise, competition, entrepreneurship, and pride in ownership of a successful business that built this country. Not bureaucrats in government. And there is still a lot to come. If only the Dems and the crony republicans will help instead of standing in his way.

Jimmy Tucker
2 years ago

You got it. Things are looking up.

Jimmy Tucker
2 years ago

You got that right, things are going great.

G. Giant
2 years ago

This refutes the liberals claim that Trump is hurting America. Yes, the liberals and RINOs lie a lot.

Dav
Dav
2 years ago

While American voters see the obvious and the Fake News liars promote the biases America is getting greater thanks to a business man instead the run of the mill politicians. Warning to the voter. DO NOT REST ON YOUR GOOD FORTUNE! Get out and vote on every election or you will allow America to become weaker. Illegals, dead voters and Democrats and Rhinos are waiting in the wings for a paid political job.

Sun~Rose
Sun~Rose
2 years ago

Bravo!
Great President!

Bill Schroeder
Bill Schroeder
2 years ago

The Tax Reform is making ‘crumbs’ out of Pelosi’s Armageddon Comment!

LOIS-ANNE NICHOLS
LOIS-ANNE NICHOLS
2 years ago

AND, apparently this is NOT just crumbs!!

Dick Proulx
Dick Proulx
2 years ago

Businessmen make decisions and get things done. Politicians kick the can down the road–hire someone to do another study, talk about it and do nothing.

JoAnn Livingston
JoAnn Livingston
2 years ago

A true business man is the best. Obama betrayed all Americans. I never voted obama and never will. We love our President Trump who is a true American and knows how to help Americans and America.

Keith J. Pierce
2 years ago

We can take all of the money we are handing out to “Free Loaders’ and Illegals and use that same money to “Build The Wall”… I am not opposed to anyone coming to our Country and “Obeying the Law”. More power to them. I wish them the Best !! But, those entering and ignoring our Rules, Laws and Regulations only HURT the Economy of Our Nation. We do not need to continue to Import Illegals…. The Democrats just want their families VOTES !! The Democratic politicians Simply want to keep getting Re-Elected over and over again to draw High Salaries for accomplishing “NOTHING” productive for our Great Nation.
We need a “BUSINESS MAN or WOMAN in Office”… Not a “BS EXPERT” Politician

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