According to the newest CNBC|SurveyMonkey Small Business Confidence Index, small business owners have mixed expectations for changes in tax policy over the course of the next 12 months: 40% say it will have no effect on their business, 31% say it will have a positive effect, and 27% say it will have a negative effect.
The higher that small business owners estimate their effective tax rate to be, the more likely they are to expect upcoming tax policy changes will positively impact their businesses. Just 14% of small business owners with the lowest tax rates expect changes to have a positive effect on their business in the next year, while 59% of those with the highest tax rates say the same.
Read more about our polling methodology here.
Click through all the results in the interactive toplines below:
Question text:
Which one of the following issues matters MOST to you right now?
Do you approve or disapprove of the way Donald Trump is handling his job as president? Do you approve or disapprove of the way Donald Trump is handling health care policy? Would you describe current conditions for your business as good, middling or bad? What is the most critical issue currently facing your business? In addition to yourself, how many employees work at your small business?
Is your business a: As best you can say, what was your business's effective tax rate paid in 2016? Overall, would you describe current conditions for your business as good, middling or bad?
In the next 12 months, do you expect your business’s revenue to increase, stay the same, or decrease? In the next 12 months, do you expect your business’s staff of full-time employees to increase, stay the same, or decrease? In the next 12 months, do you expect changes in government regulations to have a negative effect, no effect, or a positive effect on your business? In the next 12 months, do you expect changes in tax policy to have a negative effect, no effect, or a positive effect on your business?
In the next 12 months, do you expect changes in trade policy to have a negative effect, no effect, or a positive effect on your business? In the next 12 months, do you expect changes in technological innovation to have a negative effect, no effect, or a positive effect on your business? In the next 12 months, do you expect changes in immigration policy to have a negative effect, no effect, or a positive effect on your business? Does your household subscribe to Amazon Prime? In general, do you think that Amazon is good for small businesses, bad for small businesses, or has no effect on small businesses? Which of the following is true of your business's relationship to Amazon?
*businesses
