A record number of small business owners are expressing optimism and projecting growth following the recently passed GOP tax cuts; with many planning rapid expansion in the immediate future as the US economy continues to roar to life.
According to Bloomberg, the small-business optimism index reached the highest levels seen in its 45-year history this week, with six in ten “components” that measure small business growth posting dramatic leaps.
“The figures show sustained, sturdy business sentiment since the November 2016 election. A measure of plans to boost capital spending in coming months increased by 2 points to 29 percent, consistent with other data indicating robust outlays for equipment,” writes Bloomberg.
The strong economic data matches similar upticks in other indicators, signaling the US recovery continues to soar under President Donald Trump and the GOP-controlled Congress.
Earlier this year, dozens of massive American corporations -such as AT&T, Walmart, Disney, Starbucks, American Airlines, UPS, Home Depot, and others- raised wages and paid out big bonuses after President Trump signed the sweeping tax reform into law.
Despite the data, leading Democrats continue to downplay the dramatic economic recovery.
“We must continue showing the public how unfair the GOP Tax Scam is to the middle class,” Nancy Pelosi said earlier this week.