Small business optimism ticks higher after former President Donald Trump wins reelection, easing some uncertainty around the regulatory environment, according to recent data from the National Federation of Independent Business (NFIB). NFIB executive director of research Holly Wade joins Wealth! Host Brad Smith will discuss the sentiment among small business leaders. 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," Wade says. The NFIB’s small business uncertainty index reached a 50-year high ahead of the US presidential election.
Along with the uncertainty moderating, NFIB found that small business owners are feeling more optimistic about the US economy. "The index did improve two points. That was a great sign for small business owners, especially with the outlook on economic conditions," Wade says, adding that many small business leaders expect to benefit from Trump’s tax cuts and deregulation.
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