Read the full story at the Washington Examiner.
A new survey found that sentiment among small business owners has increased since President Donald Trump won the election.
The survey, shared exclusively with the Washington Examiner by the Job Creators Network Foundation, found that overall sentiment rising in January to 62.7%. That marks a new 40-month high and the second-highest reading in the survey’s history.
It has risen to its current level from the 56.4% that was registered before the election.
Also, nearly three-quarters of respondents expect their financial conditions to improve in the next three months. Only about half of the small business owners surveyed said the same before Trump won the presidential election.
The survey also asked about Republicans’ plan to extend the 2017 Tax Cuts and Jobs Act, better known as the Trump tax cuts. Extending those cuts is the No. 1 legislative priority for Trump heading into 2025, and lawmakers are hoping to pass legislation to do so before many provisions expire next year.
The survey shows that by a 3-to-1 margin, small businesses want to see the tax cuts extended.
“Small businesses are more vulnerable to high taxes and costly regulatory environments compared to their large corporate counterparts,” said Elaine Parker, president of the Job Creators Network Foundation. “That’s why it’s no surprise that 26% of small businesses say they’ve considered relocating to a different state or city to chase more favorable tax rates and escape government red tape.”
