NFIB: Small Businesses Feel Good About Trump

Small-business confidence hit a record high in 2017, according to the National Federation of Independent Businesses.

Both the NFIB’s CEO and its chief economist attributed the boost in confidence to policy changes under the Trump administration.

The latest index of small-business optimism from the group caps what it calls “an all-time record-setter” of a year.

The December index came in at 104.9. The NFIB says the index’s average monthly level last year was 104.8, the highest in the survey’s history.

Juanita Duggan, the group’s president and CEO, pinned the increase in optimism on policy changes under President Trump.

“With a massive tax cut this year, accompanied by significant regulatory relief, we expect very strong growth, millions more jobs, and higher pay for Americans,” Duggan said.

The NFIB’s chief economist, Bill Dunkelberg, also credited the surge in optimism to the current administration.

“Small-business owners were waiting for better policies from Washington, suddenly they got them, and the engine of the economy roared back to life,” Dunkelberg said.

Source: Business Insider