Monthly Polling Results

September 2024

September 27, 2024

SBIQ:56.4
Current Conditions Rating:58.5
Future Expectations Rating:54.8

Washington, D.C. (September 27, 2024)—New September polling from the Job Creators Network Foundation (JCNF) finds Donald Trump holds a 12-point lead ahead of Kamala Harris among small businesses nationwide. More specifically, 51 percent of respondents say Trump would do a better job helping small businesses while 39 percent say the same about Harris.

Thirty-five percent of small businesses surveyed self-describe themselves as Republicans, 30 percent as Democrats, and 33 percent as Independents.

Additionally, the Small Business Intelligence Quotient (SBIQ), an index tracking overall small business sentiment about the economy, dropped for the first time since last November. The indicator now stands at 56.4, with metrics measuring both current conditions and future expectations dipping in September.

Other key takeaways include:

  • 84 percent of small businesses say crime has either increased or stayed the same, calling into question the media narrative that crime rates are falling.
  • By a two-to-one margin, small businesses oppose government price controls.
  • A majority of small businesses (58 percent) support extending the Tax Cuts and Job Act.

See the full poll here.

Elaine Parker, President of the Job Creators Network Foundation, released the following statement:

“Small businesses are struggling amid the economy of the last few years, with the ripple effects of high inflation being a major challenge. Main Street needs pro-growth, pro-opportunity policies rather than an agenda that discourages entrepreneurship and slows economic expansion.”

Poll Results:

How would you grade Joe Biden and Kamala Harris’ performance helping small businesses?

A-Grade
12%
B-Grade
20%
C-Grade
14%
D-Grade
14%
F-Grade
35%

Do you think Trump or Harris would be better for small businesses?

Trump
51%
Harris
39%
Unsure
10%

What policies should lawmakers advance?

Make Tax Cuts Permanent
46%
Lower Healthcare Costs
38%
Increase Domestic Energy Production
32%
Increase Border Resources
25%
Hold Colleges Accountable
18%
Increase Financial Aid
13%

If your business has faced price increases, are they more, the same, or less than inflation?

More
63%
Same
29%
Less
7%
Unsure
1%

Do you think a $1.7 trillion federal government spending plan would increase or decrease inflation?

Increase
49%
Decrease
23%
No Impact
8%
Unsure
20%

Would federal price controls on businesses be good or bad for the economy?

Good
25%
Bad
48%
No Impact
9%
Unsure
19%

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

Concerned
58%
Not Concerned
41%

Is the amount of time your business deals with local, state, and federal regulations time consuming?

Time Consuming
52%
Not Time Consuming
46%
Unsure
2%

Should the Tax Cuts & Jobs Act be extended?

Yes
58%
No
15%
Unsure
28%

Did the Tax Cuts & Jobs Act of 2017 help small businesses?

Yes
53%
No
17%
Unsure
30%

If the Tax Cuts & Jobs Act expires, what would you consider to compensate for the tax increases?

Reduce/Delay Expansion
32%
Reduce Number of Employees
23%
Reduce Hours or Wages
21%
Reduce Inventory
15%
Get a Loan
15%
No Significant Impact
31%

Has crime increased, decreased, or stayed the same in your area?

Increased
51%
Decreased
11%
Stayed the Same
33%
Unsure
5%

Do you support or oppose increasing the corporate tax rate from 21% to 28%?

Support
40%
Oppose
47%
Unsure
13%

Do you support or oppose raising the capital gains tax rate from the current 24% to 44.6%?

Support
26%
Oppose
58%
Unsure
16%

Would taxing “unrealized” capital gains of the wealthy by 25% each year be good or bad for the economy?

Good
25%
Bad
46%
No Impact
6%
Unsure
23%

Do you think Vice President Kamala Harris will try to apply an unrealized capital gains tax to middle class taxpayers, small businesses, or homeowners?

Yes
50%
No
38%
Unsure
12%

Do you support or oppose plans to forbid the tax-free transfer of most estates at death?

Support
43%
Oppose
36%
Unsure
21%

Would reducing inflation or providing a federal subsidy to first-time home buyers be a better policy to increase housing?

Reducing Inflation
69%
Federal Subsidy
20%
Unsure
12%