More good business news.
Via Free Beacon:
Small-business confidence in the U.S. has skyrocketed this year due to the recently enacted tax reform law, according to a new survey.
The latest CNBC/SurveyMonkey Small Business Survey, released on Tuesday, found that its Quarter One Small-Business Confidence Index increased from 57 to 62, an all-time high and the largest movement between quarters since the survey began last year.
The index is a 100-point score based on small-business owners’ responses to eight questions. It is calculated on a scale from 0–100; a zero indicates no confidence, and a 100 indicates perfect confidence.
In the survey on last year’s fourth quarter, small-business owners were split on how tax reform would affect their businesses. Now, since President Donald Trump signed the Republican tax overhaul into law in December, twice as many owners expect changes in tax policy to have a positive effect on their businesses.