Small Businesses Confident in their Finances Thanks to TCJA

Small businesses are doing better than ever thanks to President Trump’s historic tax cuts. Gallup recently released their quarterly Small Business Index survey. The overall index is +136, up from the +129 in Quarter 2. 58% of small business owners say their revenues increased in the past year, and 64% say they expect revenues to continue increasing.

Small businesses feel optimistic about their businesses, and the survey shows that this is mostly a result of a thriving national economy. 70% of owners think the US economy is excellent or good. The Tax Cuts and Jobs Act has created an environment that allows small businesses to remain competitive. Not having to worry about paying a high tax bill on top of the many other expenses that come with owning a small business is a major relief.