US small businesses undaunted, continue to show optimism
Historically high confidence not slowing down despite policy set-backs
The latest numbers from the National Federation of Independent Business (NFIB) Index of Small Business Optimism show confidence still hovering around historically high levels.
“The remarkable surge in optimism that began last year right after the election shows no signs of slowing down” NFIB President and CEO Juanita Duggan was quoted on the NFIB website as saying. “Small business owners are highly encouraged by the President’s regulatory reform agenda, and they remain optimistic there will be tax reform and health-care reform. This is a policy-driven phenomenon.”
“If Congress wants small businesses to invest in the economy, then they must cut taxes and simplify the code,” she said. “The President’s tax plan would slash taxes for small businesses and level the playing field for businesses of every size and structure. Congress also has other good ideas for tax reform, but they need to stop talking and pass a bill.”
“We know, based on our data, that small business owners are watching very closely what is happening in Washington,” she continued. “The optimism is based on the expectation of policy changes, and that means tax reform.”