Small business confidence drops to all-time low after Biden election

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Small business confidence drops to all-time low after Biden election (via CNBCMakeIt)

The Q4 CNBC|SurveyMonkey Small Business Survey reveals the weight of political partisanship after the presidential election on the small business outlook.Fifty-three percent of small business owners said they expect tax policy to have a negative impact on their business in the next 12 months, while 49% said government regulation will have a negative impact. By party affiliation, the divide is stark.

We've seen evidence of that every quarter, with Republican small business owners consistently reporting a higher degree of confidence than Democrats, but the election of Joe Biden is the first opportunity we've had to see whether that would flip if presidential power changed parties — and it did dramatically.Overall, the survey finds 34% of small business owners saying Joe Biden will be good for small business, while 55% say he will be bad for small business.

"We don't yet know how Biden will work with Republican leaders to carry out his agenda, and we don't even know what his specific policy proposals will be yet, so we're really in wait-and-see mode, and that lack of certainty is always a tricky situation for small business owners to operate in," she said.

 

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MakeIt Doesn’t surprise me

CentristAllWay MakeIt Layoffs on the way as businesses worry about tax hikes. We saw ot a few years ago here in Oregon when they did the same on any businesses thay cleared a million dollars. Shut down a lot of jobs.

MakeIt I'm a small business owner. The confidence hasn't dropped beause of Biden. It has dropped beause of a pandemic that Trump and other leaders ignored. We still have no additional COVID releif package for families and true small businesses. Nothing to do with Biden.

MakeIt Ya think? How many votes blue I wonder

MakeIt Not surprised. With Biden in office, taxes will skyrocket, energy costs will spike, burdensome regulations will return, and Democrat leaders will be emboldened to continue this destructive and pointless lockdowns. Basically if you're a small business owner, you're f-cked.

MakeIt Shocker.

MakeIt

MakeIt Just so you know, if you voted for Joe Biden, you are a knucklehead!

MakeIt Leftists bad for business news at 11

MakeIt Because biden will increase Corp tax and Dems will go socialism

MakeIt Ya think?

MakeIt we do not need small businesses ..... we have amazon and apple thats enough to live in our world....donate for the top 1% and let the rest crash

MakeIt Amazon was allowed to trade while small businesses were forced to shut by government orders. So Jeff made 70 billion, Amazon made trillions, and 2 in 5 small businesses went under. Trump's legacy. Biden? 50 years of pro-china globalization will bury what's left of small business

MakeIt Didn't know so many people expect the government to bail them out. Must be a generation thing. Not mine.

MakeIt This election was about people wanting another 1200$ check . They think democrats are good for bigger stimulus

MakeIt Fake news. They are always after Biden. Not fair. 😂😂😂😂😂

MakeIt No shit. Usher in big government and big private industry at the expense of individual liberty and small business. Hooray!!!!!

MakeIt Congrats on a ridiculous headline that I’d expect from OAN and Fox. Do better. I’m pretty sure there’s another idiot in charge currently.

MakeIt Terrible tweet and headline.

MakeIt BS

MakeIt Such a biased, incorrect, and misleading headline. The data in the article contradicts the implication created by the misleading headline. Shameful and purposeful click bait. Confidence of independents actually increased. CNBC is just trolling.

MakeIt Stupid headline

MakeIt Excellent sign! The confidence of small business owners is a contrarian indicator.

MakeIt Unless you’re brain dead, it’s obvious that the Dem Party is viciously attacking small businesses across the country and trying to destroy livelihoods so they’re dependent on state handouts. It’s evil

MakeIt Small businesses and farmers went out of business on Trump watch.

MakeIt How about 'during Trump Presidency' and a total mismanagement of COVID Stimulus.

MakeIt Has nothing to do with JoeBiden. This is the result from 10 mos of realDonaldTrump and WH administration doing absolutely NOTHING. As a smallbusinessowners weve been hit wave after wave after wave with challenges, the results have us unsure about our future

MakeIt Sadista US gov. I don’t forget bitches

MakeIt Mcconnel an trump could have already signed a stimulus act that sitting on moscows desk. So please dont tell me the man who isnt swirn in yet is bad for small business. Thats bullshit.

MakeIt If you want more small businesses, canceling student loans will give us freedom and economic means to begin innovation and opportunities.

MakeIt I dont know why. He is so sharp, so astute, so clear and concise, so Mojo.

MakeIt Is this just coincidental timing with all the financial and other negatives in current news? Or a reaction to the election itself?

MakeIt Like that has anything to do with Biden

MakeIt Seriously? What does Biden have to do with the current state of the economy?

MakeIt How many small business owners voted for Biden?

MakeIt Seriously he has not even taken office....maybe just maybe it has to do with the deranged current president or the rampant covid cases?!?!?!!?!?

MakeIt So it has nothing to with trump and the GOP taking the small business loan money and giving to themselves and their donors. 🤔

MakeIt True that

MakeIt This doesn’t help

MakeIt Because a China First policy is bad for America.

MakeIt Because higher taxes crush growth!

MakeIt

MakeIt What is the news in that 🤔

MakeIt Biden will lock has in Gulag camps.

MakeIt the election was rigged

MakeIt Psst, heard of the rampant pandemic entering its Nth wave? Yeah of course small business confidence.

MakeIt You had to put 'after Biden election' in this when it's ALL about Trump and COVID.

MakeIt Lol who cares

MakeIt Waiting for twitter to ban this or put a disclaimer on it.

MakeIt I hope they run this as many times as they run the same anti Trump story over and over

MakeIt This seems important

MakeIt Wow

MakeIt I’m shocked!

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