Economy, taxes and health care are key concerns of small businesses

Feb 12, 2020
Written by wpengine

Recent polling shows that business leaders are most concerned about the economy, taxes and health care expenses heading into the Presidential election season.

American City Business Journals summarized poll findings by Gallup and Paychex last week on top issues of concern for 2020.

At least 90% of businesses polled cited the economy and tax burdens as chief concerns. Other issues ranging in the top 5 included tariffs and trade policies, and immigration.

About one-third in the Gallup poll said they expected a recession or economic downturn in 2020; 34% called it somewhat likely.

CNBC/SurveyMonkey poll late last year underscored the partisan nature of business confidence, with 68% of Republican small business owners saying business conditions are good, compared to just 34% of Democratic small business owners. The results have been consistent in polling throughout President Donald Trump’s time in office, the Business Journals reported.

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