The White House promotes its tax-reform push by saying, "President Trump is giving small businesses a boost." But as competing proposals work their way through Congress, opinion among small-business owners is split: Republicans agree with the president, while Democrats could not disagree more.
For those small-business owners who identify as Republicans or who lean toward the GOP, tax reform couldn't come soon enough. A huge majority (85 percent) supports the passage of the tax reform.
These data come from the newest CNBC/SurveyMonkey Small Business Survey, conducted Nov. 20–Dec. 4 among 2,043 small-business owners.
When asked to describe their reactions to the proposed tax reform bill, Republican small-business owners are most likely to say: "Finally!"
In their own words, tax reform is "overdue," and "it's about time" that politicians in Washington got it done. They are "hopeful" about its effects and largely positive in expressing their reactions.