Holly Wade, Executive Director of the NFIB Research Center, spoke with Brad Smith on Yahoo! Finance about the current state of the small business economy. According to Wade, there is a growing sense of optimism among Main Street owners.
Wade referred to data from NFIB’s October Small Business Economic Trends (SBET) survey. She noted that small business owners are starting to feel more confident about future business conditions as they approach the holiday season and navigate a post-election landscape.
In her discussion, Wade stated: “[Uncertainty] will largely be alleviated in terms of what [small business owners] can expect moving forward with post-election sentiment and that relief of, especially with those tax cuts that they’re looking to have extended or ideally made permanent that are set to expire in 2025, especially the 20% deduction on small business qualifying income.”
She further mentioned an improvement in the index by two points, highlighting it as “a great sign for small business owners.” This improvement was most notable in their outlook on economic conditions.
Wade emphasized the importance of making certain tax provisions permanent for small businesses. She pointed out that "the corporate tax rate" affects many small business owners and addressed concerns regarding compliance with regulatory requirements. She expressed hope for "a much more supportive environment in the new administration."
Reflecting on pre-election sentiments in October, Wade observed increased support and optimism among surveyed owners regarding future economic conditions.
For more details on Holly Wade's interview, visit Yahoo! Finance's website.
