Small businesses remain bullish on Trump agenda
America’s small business owners are still hugely bullish on their economic prospects under President Donald Trump.The Obama administration kept piling on the regulation despite the damper it put on the economy. They gave the impression that they just did not care about the impact of their control freak policies on small businesses. The mainstream media also ignored the concerns of the job creators.
On Tuesday, the National Federation of Independent Business released its latest small business optimism index, which came in at 105.3, slightly below last month’s reading but still near its best levels in a decade.
“The Index of Small Business Optimism fell 0.6 points to 105.3, sustaining the remarkable surge in optimism that started November 9, 2016, the day after the election,” the report said.
And as Bespoke Investment Group wrote in a note on Tuesday, “We think it’s fair to say small businesses are extremely optimistic.”
Inside the report, it’s clear small businesses are perhaps more bullish on a more lax regulatory regime from the Trump administration than any other policy change.
“For the first time in a long time, Taxes and Government Red Tape are not the two top problems cited,” Bespoke wrote on Tuesday.
In February, 15% of small businesses cited government red tape — read: regulations — as their top concern, the lowest since June 2011.