Nearly half of small business owners are optimistic about the economy ͏ ͏ ͏
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Americans spoke up — and Washington listened.
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Hello John,
Regular readers know that one issue we’ve harped on for most of the year is
thatgetting the tax cuts passed in a timely manner helps remove economic
uncertainty.
This is especially true for small businesses, which are the lifeblood of the
U.S. economy.
Small businesses need certainty: They need predictable tax obligations for the
coming year, otherwise they’reless likely to invest in expanding their business
or hiring new workers.
Uncertainty doesn’t just slow decision-making — it creates ripple effects that
can drag down the entire economy. Acting quickly to renew these tax cuts would
give businesses the clarity and confidence they need to move forward.
Well, it looks like we were right.
The third quarter CNBC/SurveyMonkey Small Business Confidence Index showed a
significant uptick in small business confidence, moving from 51 in the previous
quarter to 56 now.
This is great news for the economy, since small businesses play such an
outsized role in jobs and growth.
Some 99% of all businesses in the U.S. are small businesses — about 33
million. Nearly half of all jobs are with small businesses (66 million), which
account for 40% to 50% of America’s gross domestic product. So, when small
businesses are feeling confident, that is good news for all of us.
Here are some of the other findings of the survey as reported by CNBC:
* Nearly half of small business owners rate the economy as “excellent” or
“good” — up from 30% in the previous quarter.
* More than half of small business owners expect revenue to increase over the
next year — up 10 points from last quarter — and more describe their business
conditions as “good.”
* There has been a sharp decline in the number of small business owners who
expect government regulations, tax policy, and trade policy to negatively
impact their operations.
It’s not hard to understand small businesses’ optimism. The One Big Beautiful
Bill makes permanent full expensing for most categories of business investment.
This is a huge win.
Full expensing is designed to encourage business investment, stimulate
economic growth, and simplify tax compliance. The expensing provisions in the
2017 Trump tax cuts excluded investments in factories and buildings and began
phasing out in 2023, so the One Big Beautiful Bill is a big improvement. And
because it’s permanent, small businesses can plan with confidence.
None of this would have happened if supporters in Congress didn’t take some
tough votes. With the margins of passage as slim as they were, every member of
Congress voting “Yes” on the One Big Beautiful Bill was practically the
deciding vote, and they deserve our thanks.
So, please, let your elected officials know you appreciate them. Send them a
“thank you” message!
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Thank your lawmakers
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Best,
Joe Eule
Americans for Prosperity
Americans for Prosperity believes freedom and opportunity are the keys to
unleashing prosperity for all. We are a community of millions of concerned
citizens advocating for solutions based on proven principles to tackle the
country's most critical challenges.
Americans for Prosperity
4201 Wilson Blvd, Suite 1000
Arlington, VA 22203
This email was sent to:
[email protected]
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