Monthly Polling Results

January 2023

January 31, 2023

SBIQ:56.1
Current Conditions Rating:58.7
Future Expectations Rating:54.2

Small businesses voiced their grave concerns over the state of the U.S. economy and their alarm over taxes, regulations, energy, and more in a new monthly Small Business IQ Poll released today by the Job Creators Network Foundation (JCNF). The Small Business Intelligence Quotient (SBIQ), an index tracking overall small business sentiment about the economy, measured at 56.1 points last month – remaining at a historically low level.

JCNF referenced these findings in their call for urgent bipartisan action from Congress on a common-sense package supported by a majority of Republicans, Democrats, and Independents.

“The vast majority of small businesses in America want bipartisan action in Congress to address their concerns with taxes, regulation, and the economy, as demonstrated in our new opinion survey,” said Elaine Parker, President of the Job Creators Network Foundation. “Small businesses are struggling in this economy, and they want action from this Congress. Across the political spectrum, they favor spending cuts and a balanced budget, an increase in domestic energy production, and making the 2017 Tax Cuts and Jobs Act permanent. The American Small Business Prosperity Plan — which is a political uniter that all lawmakers should support — would accomplish all of these objectives and strengthen the economy,” she concluded.

See the survey and detailed summaries: Job Creators Network Foundation Small Business IQ Monthly Poll.

About Support for the American Small Business Prosperity Plan

The poll found broad, bipartisan support among small business owners for JCN’s American Small Business Prosperity Plan — an eight-point policy blueprint that was launched last year in partnership with former Speaker of the House Newt Gingrich. It was developed so members of the 118th Congress can use it as a roadmap to empower the small business community. Notably, Speaker of the House Kevin McCarthy has endorsed the plan.

When parsing the data by political affiliation, it’s clear that support for the plan bridges the partisan divide — receiving majority support from Republicans, Democrats, and Independents.

 

Poll Results:

Linking work requirements to government assistance programs so abled-bodied adults work for their benefits

Strongly Support
38%
Somewhat Support
29%
Unsure
6%
Somewhat Oppose
19%
Strongly Oppose
9%

Exempting small businesses from any. new government regulations that would burden entrepreneurs with increased compliance costs

Strongly Support
46%
Somewhat Support
27%
Somewhat Oppose
15%
Strongly Oppose
6%
Unsure
6%

Making the Tax Cuts and Jobs Act permanent

Support
79%
Oppose
14%
Unsure
7%

Lifting government regulations to increase the number of healthcare choices and requiring greater transparency to foster more competition in healthcare to lower costs for patients

Strongly Support
43%
Somewhat Support
37%
Unsure
3%
Somewhat Oppose
9%
Strongly Oppose
7%

Cutting regulations and pursuing other policies that would help American businesses better compete against foreign companies

Strongly Support
48%
Somewhat Support
33%
Unsure
5%
Somewhat Oppose
8%
Strongly Oppose
6%

Balancing the federal budget to rein in spending and reduce inflation

Strongly Support
53%
Somewhat Support
30%
Unsure
4%
Somewhat Oppose
10%
Strongly Oppose
3%

Increasing domestic energy production to increase supply and lower prices

Strongly Support
55%
Somewhat Support
28%
Unsure
6%
Somewhat Oppose
9%
Strongly Oppose
3%

Making it easier for small businesses to raise capital, like get a loan or line of credit

Strongly Support
48%
Somewhat Support
38%
Unsure
5%
Somewhat Oppose
9%
Strongly Oppose
1%

Should Taxpayers Be Responsible for Covering Biden’s Student Loan Bailout?

Yes
20%
No
70%
Unsure
10%

How concerned are you that economic conditions could force your business to close?

Concerned
61%
Not Concerned
38%