Small Business Sentiment Surges as the One Big Beautiful Bill Takes Effect

“Small business owners are matching the market with increased confidence,” CNBC reports in their latest Small Business Survey — which shows a renewed sense of economic optimism as President Donald J. Trump’s policies deliver results and as the landmark One Big Beautiful Bill takes effect.

Here’s what you need to know:

• Nearly half of small business owners rate the economy as “excellent” or “good” — up from 30% in the previous quarter.
• More than half of small business owners expect revenue to increase over the next year — up 10% from last quarter — and more describe their business conditions as “good.”
• Fewer small business owners “have been, or expect to be impacted by tariffs.”
• There has been a sharp decline in the number of small business owners who expect government regulations, tax policy, and trade policy to negatively impact their operations.
• Confidence in President Trump has spiked, with nearly six-in-ten small business owners approving of his job performance — improving sentiment shared “across the political spectrum.”
  • SurveyMonkey’s Sam Gutierrez: “Small business owners who identify as Democrats report the largest increase in sentiment. They are much more optimistic about business conditions compared with the previous quarter.”

“Small business owners are matching the market with increased confidence,” CNBC reports in their latest Small Business Survey — which shows a renewed sense of economic optimism as President Donald J. Trump’s policies deliver results and as the landmark One Big Beautiful Bill takes effect.

Here’s what you need to know:

• Nearly half of small business owners rate the economy as “excellent” or “good” — up from 30% in the previous quarter.
• More than half of small business owners expect revenue to increase over the next year — up 10% from last quarter — and more describe their business conditions as “good.”
• Fewer small business owners “have been, or expect to be impacted by tariffs.”
• There has been a sharp decline in the number of small business owners who expect government regulations, tax policy, and trade policy to negatively impact their operations.
• Confidence in President Trump has spiked, with nearly six-in-ten small business owners approving of his job performance — improving sentiment shared “across the political spectrum.”
  • SurveyMonkey’s Sam Gutierrez: “Small business owners who identify as Democrats report the largest increase in sentiment. They are much more optimistic about business conditions compared with the previous quarter.”