Why Small Business Is Cold on Presidential Candidates
Of all the candidates running for president, who will have the backs of small business owners?
According to a new survey, an overwhelming majority of small business owners don’t think Ted Cruz, Bernie Sanders, Hillary Clinton, Donald Trump or any of the others have a focus on their biggest concerns.
The survey conducted by the HR services platform TriNet found that nearly 90 percent of U.S. small business owners believe candidates on both party tickets are not making the needs of small business a top priority.
According to the Small Business Administration, U.S. small businesses employ half the country's nongovernment workforce.
Of the 1,001 small business owners surveyed, 42 percent don’t believe the 2016 presidential candidates understand how the country’s corporate tax rules impact small businesses.
Forty-six percent don’t believe the candidates, as a group, understand how minimum wage changes impact small businesses. Still, 62 percent said they think a minimum wage increase would help their business.
Fifty-five percent of the entrepreneurs said the Affordable Care Act (a.k.a. Obamacare) has hurt their businesses, and 81 percent said they want more help from the government to stay in compliance with ACA regulations.
Not surprisingly, 78 percent of small business owners say they’re likely to vote for the candidate who would be best for business. Only 22 percent said the candidate's party affiliation would be more important.