Small business optimism nationwide is near a record high, according to the National Federation of Independent Business. NFIB State Director Dawn Starns says we haven’t seen this kind of optimism in 34 years, when the economy was booming during the Reagan administration.
Starns credits the positivity to the push for tax reform in Washington D.C.
“Our small business owners tell us that if they had more money in their pockets, they could create jobs, expand their inventory, expand their operations.”
Starns says the discussion about lowering rates and making it easier for small business owners to comply with the tax code has a direct impact on how they feel about growing their business.
“They spend so much more on tax compliance than big business and they’re taxed at such a higher rate than big business and they see these rates lowering.”
Starns says most small business owners will say taxes are their biggest problem, followed by finding qualified workers. She says there is a clear expectation that Congress and the President will address the taxes problem, but finding good employees is a persistent problem
“How do we improve our workforce development? How do we get the people coming out of high school that maybe aren’t going to go to a four year college but are going to get a degree or certification or how do we make sure they have soft skills coming out.”