To use President Trump’s favorite phrase – small business owners are saying, “You’re Fired!” to the president.
Fit Small Business used Google’s small business panel to conduct a survey of 1,000 small business owners. The survey ran from May 5-8 and occurred after the Republican healthcare plan passed in the House of Representatives.
Here are the key takeaways:
- 54% of small business owners believe Trump should be fired
- Only 13% of small business owners support Trump’s current healthcare plan, 53% oppose it, and the other 34% are neutral
- Though the majority of small business owners oppose the Republican healthcare bill, 63% don’t think it will negatively affect their business
- 7 in 10 small business owners (72%) believe expanding access to healthcare is the most important factor of healthcare reform – over decreasing federal debt or reducing taxes
- An overwhelming majority (93%) of small business owners believe that insurance companies should be required to provide coverage to people with pre-existing conditions
- Small business owners trust Bernie Sanders more than Trump or Ryan on healthcare, with 44% voting that Sanders would do a better job at healthcare reform
- Though most small business owners oppose Trump, they are still optimistic about the economy, with only 7% responding that they are likely to cut staff in 2017
Majority of Small Business Owners Believe Trump Should Be Fired
Out of the one thousand small business owners that we surveyed, over half (53.4%) believe that Trump should be voted out of office. 24.4% think he needs a reprimand, and only 22.2% of respondents said that he deserves a raise. – Tweet This
Small Business Owners Don’t Support Trump’s Healthcare Bill – But Are Unsure How It Will Affect Their Business
13% of respondents support the healthcare bill passed by the House, with only 3.6% of small business owners strongly supporting it. 43.3% strongly oppose it, with a total of 53.1% of owners opposing the bill. – Tweet This
However, the majority (60.4%) do not think the bill will have a negative effect on their small business.
Most Small Business Owners Want to Expand Access to Healthcare
Most small business owners – 72% believe that expanding access to healthcare is the most important thing to take into consideration when evaluating a healthcare plan. 15% believe reducing taxes is most important, while only 12% think that decreasing federal debt should be the highest priority.
Small business owners also believe that insurance companies should be required to provide coverage to people with pre-existing conditions – with 9 in 10 owners agreeing with this statement.
More Small Business Owners Trust Sanders On Healthcare Than Trump and Ryan Combined
When asked who they trust most on healthcare, the majority voted democrat, with 44% responding Bernie Sanders and 25% responding Barack Obama. Donald Trump received 17% of the votes, with Paul Ryan coming in last with 14%. – Tweet This
Small Business Owners Still Optimistic About the Future
Though it’s clear that many small business owners are feeling less than favorable about Trump and his policies, this does not seem to have had a big impact on their economic optimism. Only 7% responded that they are were likely to cut staff in 2017. Most (61%) plan on staying the same size, while 32% are likely to add employees.
With 93% of respondents looking to either grow their small business or stay the same size in 2017, it is clear that most do not feel that the economy is going to have a steep downturn in the near future.
Based on our findings from 1,000 small business owners, it’s clear that many feel that the Trump administration could use some improvement. The good news is that most are still feeling positive about the future of their small businesses. Here’s to seeing what the rest of the 2017 brings!