Survey Indicates That Majority Of Small Business Owners Seek Tax Reform

Results from the Staples National Small Business Survey indicate that 67 percent of American small business owners believe that business tax reform should be the top policy priority for 2017.

The survey was designed by Staples and conducted by Wakefield Research, among 502 U.S. small business owners in December 2016. The survey defined small business owners as those who had up to 10 full-time employees.

In addition to indicating that the majority of respondents are interested in business tax reform, the survey showed that 85 percent of small business owners are “optimistic” about the small business climate in 2017. Another sign of both short- and long-term positivity is that 67 percent of respondents plan to hire employees in 2017, while 91 percent would be likely to encourage their children to start their own business given the current state of the small business environment.

Overall, it appears that small business owners are very optimistic about the year ahead. Other interesting results include:

  • 93 percent of respondents believe that running a business results in the best kind of job satisfaction possible.
  • 97 percent of small business owners plan to increase investment in their companies in the coming year.
  • 72 percent of respondents plan to increase staff compensation in 2017.

“We’ve been a small business champion for more than 30 years, and are pleased that small business owners are hopeful and confident as we head into the new year,” said Frank P. Bifulco, Jr., executive vice president of global marketing, Staples. “We conducted the survey to better understand the pulse of small business owners and to further identify those priority product and service areas in which we can help our customers achieve success in 2017.”

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