Poll: Most small business owners say they will not hire, give raises because of new tax law

Written on Mar 14, 2018

A poll of small business owners in Arizona, Nevada, Maine and Tennessee found that most don’t think the possible benefits of new law will enable them to invest in their businesses and believe it further tilts the playing field in favor of big corporations.

  • Seven in 10 small business owners said they would not hire a new employee as a result of the new tax law.
  • Six in 10 small business owners said they would not be giving their employees raises.
  • 54% of small business owners say the tax law favors large corporations over small businesses.
  • 55% of respondents do not believe the law puts small businesses on a level playing field with big businesses.

Of poll respondents, 41% said they identify as Republican, 31% as Democrat and 28% as independent or something else.

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