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Survey: 82 percent of small businesses think economy is on wrong track

A new survey by the U.S. Chamber of Commerce shows small businesses with a bleak economic outlook.

More than eight in ten small businesses, 82 percent, feel that the U.S. economy is off on the wrong track. What’s more, over half of small businesses,  54 percent, expect business climate for small business to worsen in the next two years.

Small business owners are concerned about uncertain health care costs. Three-quarters, 75 percent, of small businesses expect the Affordable Care Act to increase costs for their business while only 5 percent reported it would make health care coverage more affordable.

The new health care law is also expected to put a strain on hiring, 71 percent reported that it will make it harder to bring on new employees.

While the Obama administration continues to tout tax breaks and hiring incentives for small business, business owners are crying for something else: 88 percent of say they are looking for more policy certainty, not more assistance, from Washington.

The economic future of small business is unclear with 41 percent reporting they are unsure if America’s best days are ahead of them or behind them. “This sentiment is similar when looking at their own businesses — 28% say best days are behind, 30% say best days are ahead, and 42% are unsure,” the survey found.

 

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