Small Businesses Freaking Out About Surging Taxes Under Biden
12th January 2021
In December, the first month after Donald Trump’s loss, the NFIB Small Business Optimism Index slumped 5.5 points to 95.9, falling below the average Index value since 1973 of 98, and missing expectations of a triple digit print. Nine of the 10 Index components declined and only one improved. Of note, owners expecting better business conditions over the next six months tumbled by a whopping 24 points to a net negative 16%, realizing that a Democrat admin is hardly conducive to small business growth.
Looks as if somebody is paying attention.