Optimism among small-business owners continues to soar, reaching its highest levels in years. Thanks to tax reform package, entrepreneurs are more confident about the outlook for their businesses.
The CNBC/SurveyMonkey first quarter small business confidence index soared five points, from 57 to 62, a record high level. This is the largest quarter-to-quarter jump since CNBC and SurveyMonkey started measuring business confidence last year.
According to CNBC, in the fourth quarter of last year, business owners were divided evenly over the impact of tax cuts on their businesses. However, now there is a strong consensus over the positive impact of tax reform.