Small Business Owners Strongly Optimistic About Their Companies and Economy
WASHINGTON – According to the Q3 Metlife & U.S. Chamber of Commerce Small Business Index released this week, small business owners are optimistic about their companies as well as the small business environment overall.
“This survey is great news, but not surprising. The strong economy added to the tax reform package and greater access to capital is creating an environment where small businesses can thrive. As their companies grow, small business owners are more optimistic about the future and we’re only going to see our economy continue to get stronger,” said Chairman Steve Chabot (R-OH).
Almost 70 percent of the small business owners surveyed reported being confident about their companies. The rise in optimism reflects a positive national economic outlook and denotes the survey’s highest levels in history.
On July 25, the Committee also held a hearing where small business owners praised the recent tax cuts and the overall economy.
“The recent tax reduction in and of itself will have a positive impact on our employees and our business in 2018 and beyond. But when augmented by reduction in regulation and, most importantly, the hugely positive outlook by business leaders and consumers which started the day after the 2016 election, the resulting booming economy takes that positive impact of the tax bill and increases it exponentially,” said Mr. Gary Ellerhorst, President and CEO of Crown Plastics Co. in Harrison, OH.