Trump Boom: Pro-Expansion Sentiment Among US Small Businesses Spikes to All-Time High

Guy Benson / Tonhall Tipsheet

It's often said by politicians in both parties that small businesses are the heart of the US economy -- so it's no minor side note that optimism among the owners of said businesses has shot up dramatically during the Trump presidency.  Setting aside the recent gyrations of the stock market, the fundamentals of America's economy are looking robust amid a climate of determined deregulation and tax relief.  This data point, via Bloomberg, is significant because the historically positive outlook it measures translates into expanded operations, more jobs, and more pay:

Optimism among small companies in the U.S. rose more than forecast in January, fueled by a record number of owners who said now was a good time to expand, according to a National Federation of Independent Business survey released Tuesday. Six of the 10 components that make up the small-business optimism index increased in January, producing one of the strongest readings in the 45-year history of the survey. The figures show sustained, sturdy business sentiment since the November 2016 election.

A measure of plans to boost capital spending in coming months increased by 2 points to 29 percent, consistent with other data indicating robust outlays for equipment. One in five small companies said they plan to boost hiring...The new tax law “produced the most recent boost to small-business optimism,” NFIB’s William Dunkelberg and Holly Wade said in a report. “And federal government-related cost pressures continue to abate, offering a more supportive business climate for small firms...

This chart tells the story:

Read entire story and see video here: https://townhall.com/tipsheet/guybenson/2018/02/13/small-business-optimism-n2448525?utm_source=thdaily&utm_medium=email&utm_campaign=nl&newsletterad=