Small-business confidence is surging in 2018 as optimism rises among small-business owners about the newly enacted tax-reform package, according to the latest CNBC/SurveyMonkey Small Business Survey, released Tuesday.
The CNBC/SurveyMonkey Q1 Small Business Confidence Index saw an increase of five points, from 57 to 62, a record high and the largest quarter-to-quarter move the index has seen since CNBC and SurveyMonkey began measuring last year.
Main Street is BOOMING thanks to our incredible TAX CUT and Reform law. "This shows small-business owners are more than just optimistic, they are ready to grow their businesses." https://t.co/w9aw68UwOj
— Donald J. Trump (@realDonaldTrump) February 20, 2018
This is the first survey since President Donald Trump signed the Tax Cuts and Jobs Act into law on December 22, 2017.