January 23, 2018
Washington, D.C.—Today, the Job Creators Network (JCN) released the results of a new national poll of small business owners that reveals strong approval of the Trump Administration’s broad policy pursuits, shows clear support for the tax cuts legislation, and affirms growing concerns over the affordability of healthcare. The nationwide poll of 500 small business owners was conducted by Roosevelt Opinion Research between January 17th and 22nd with a margin of error of about 4 percent.
BROAD POLICY SUPPORT:
Small business owners revealed broad support for Trump Administration policies and say that Republicans are better suited to deal with economic issues over Democrats. In fact, 63.8 percent of respondents agreed that Trump policy changes have helped their businesses and 57.5 percent say Republicans are better at managing the economy—as opposed to 14 percent who said the same for Democrats. Much of the support is likely due to the general policy of deregulation that has been pursued by President Trump since taking office.
The poll also finds that 68.4 percent of small business owners view the new tax cut legislation favorably and 57.7 percent say the measures will help their businesses. Since much of the media coverage surrounding the bill has been critical (57.3 percent of respondents viewed the coverage as biased), these numbers provide insight into what the biggest job creators in the country are expecting to gain from the new tax relief.
- 68.4 percent of respondents view the recently passed tax cuts legislation very or somewhat favorably.
- 57.7 percent of respondents said the tax cuts will very much or somewhat help their business.
- 57.3 percent of respondents characterized the media reporting on the tax bill as biased.
Many small business owners expressed concerns over rising healthcare costs and their ability to provide affordable coverage to their employees as well. 76.5 percent of small business owners replied that they were concerned over 2018 healthcare costs and 62.9 percent said the prices prevented them from offering care to their employees. They also revealed heavy support for cheaper association healthcare plans—which the Trump Administration has worked to expand.
- 76.5 percent of respondents are very or somewhat concerned over the cost of healthcare in 2018.
- 62.9 percent of respondents say that healthcare costs prevent them from offering coverage to employees.
Alfredo Ortiz, JCN President and CEO, released the following statement:
As revealed in these survey results, small business owners and their employees are solidly behind the policy pursuits of President Trump. The historic tax cuts legislation is already having positive impacts on small businesses and our economy—financial savings are being directed towards employee bonuses, wage bumps, increased capital investment, and business expansion. And Obamacare—a set of regulations that have caused healthcare costs to skyrocket—continues to be addressed by the Trump Administration, which is working to replace it with a policy that will work for all Americans. Small businesses are behind the president’s moves to slash burdensome regulations and promote pro-business, pro-growth policies. Let’s help him continue the charge.