The US Chamber of Commerce released it’s quarterly survey results about small business owners and their feelings about the small business outlook of the country. According to their survey, eight out of ten small business owners think the country is on the wrong track. More than half expect it to get worse over the next two years.
The study was taken by 1482 small business executives who have fewer than 500 employees and annual revenue less than 25 million. Almost all small businesses are looking for more certainty in Washington.
86% say that the new added regulations and taxes will negatively affect their business, healthcare costs being their number one concern. And almost two thirds say that healthcare costs will make it harder to hire new employees. Almost all say that revenue from energy exploration will help improve the economic climate and create jobs.
One of the toughest issues for the country as a whole is hiring. Over half of all small businesses have put hiring on hold the past year, and 64% say they don’t plan to hire any new employees. That trend is expected to continue into the next year.
A lot of the numbers depend on the location of the business. Some businesses feel their local economies are improving as well as their own businesses.