An overwhelming majority of small business owners (97 percent) say they want Congress to get to work on improving the economy, specifically when it comes to simplifying tax codes and acting on tax relief, according to the latest Small Business Sentiment Index. The survey, conducted by National Write Your Congressman (NWYC), found that 95 percent of small businesses are concerned about taxes and they’re also looking for other economic reforms.
According to the report, 90 percent of business owners want regulatory reduction, 86 percent want federal budget and debt reform and 79 percent want health care reform, listing these as the top issues that affect their businesses.
“There is great opportunity for Congress to come together to improve their track record of action. Individuals are more active voicing their opinions on the economy and are ready for Washington to do their part,” said Joshua Habursky, Director of Advocacy for the Grassroots Professional Network.
Small business owners are anxious for reform (only 22 percent said they feel Congress is working hard to improve the economy), but they have faith in their elected officials to effect change moving forward. Sixty-two percent said they believe members of Congress know the opinions of their constituents on important issues (up 10 percentage points from last year) and 53 percent said they are hopeful that Congress as a whole will take action on behalf of small business owners in 2017.
While they’re calling for more action from Congress to improve the economy, small business owners are also ready to do their part. Half of the survey respondents say they plan to invest in inventory expansion, equipment upgrades or other capital investments. Thirty-four percent plan to increase hiring, and more than half say they expect an increase in revenues in 2017.
NWYC is a privately held, nonpartisan membership organization made up of small businesses. Its Quarterly Index measures small business owner sentiment toward Congress and the U.S. government. For the Q2 2017 survey, NWYC collected data from more than 1,400 of its members.