GOP Tax Bill Results in Small-Business Owners Saying it’s a Good Time to Expand GOP Tax Bill Results in Small-Business Owners Saying it’s a Good Time to Expand – NTK Network

GOP Tax Bill Results in Small-Business Owners Saying it’s a Good Time to Expand

"Small-business optimism index increased in January, producing one of the strongest readings in the 45-year history of the survey."

By NTK Staff | 02.13.2018 @5:30pm
GOP Tax Bill Results in Small-Business Owners Saying it’s a Good Time to Expand

Small business owners are more optimistic because of the GOP tax bill, and believe that it’s now an excellent time to expand their businesses, according to a monthly survey released by the National Federation of Independent Business (NFIB).

Confidence among small business owners rose by two points in January, bringing optimism close to its highest level since 1986. Nearly one-third (32 percent) of small business owners say that now is a good time to expand their businesses.

Additionally, 41 percent of small business owners expect the economy to improve, which is up four points from the previous month.

Bloomberg News reported on the survey:

“Six of the 10 components that make up the small-business optimism index increased in January, producing one of the strongest readings in the 45-year history of the survey. The figures show sustained, sturdy business sentiment since the November 2016 election.”

The new tax law “produced the most recent boost to small-business optimism,” NFIB’s William Dunkelberg and Holly Wade said in a report. “And federal government-related cost pressures continue to abate, offering a more supportive business climate for small firms. Consumer spending remains supportive, and business spending and housing remain strong.”

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