NWYC Quarterly Idx Finds Small Bus. Owners Cite Economic Growth, Job Creation As Top Issue To Influence Mid-term Election Vote
April 16 2018 - 12:09PM
Business Wire
National Write Your Congressman (NWYC), an organization that
gives small businesses a voice in American government, finds in its
Q2 2018 Quarterly Index small business owners list economic growth
and job creation as the number one issue that will influence their
vote in the mid-term elections and hiring qualified workers as
their top business concern. The Index also showed small business
owners plan to pay down debt and invest back into their business
following the new tax law.
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“As we have seen with large corporations, NWYC small business
owners also are making plans to invest back into their business and
employees,” said Randy Ford, President and COO of National Write
Your Congressman. “The tax breaks brought relief to our members,
but there is so much more to be done by Congress, including
regulatory relief, which will allow for more business growth and
innovation.”
The NWYC Index Score, which takes into account six factors
measuring small business owners’ trust, hope and satisfaction
towards Congress and government, was down slightly from last
quarter. The Index found small business owners' trust in Congress
decreased slightly from the previous quarter, but trust is still
higher than in Q2 2017.
“While our Index found that small business owners’ top action
following the tax law is paying down debt, the federal government
voted to increase deficit spending,” said Ford. “We believe this
disconnect in fiscal responsibility at the federal level is driving
the decrease in overall Congressional satisfaction with our
members.”
NWYC heard from small business owners from across the country on
their specific plans as a result of the new tax law:
- “We have hired one new employee and
plan on adding another soon. We see sales are up thirty-five
percent,” said Thomas Faeth of Direct Machinery Outlet in Jessup,
Maryland.
- “We have already increased pay for some
of our employees and we are purchasing new equipment,” said Greg
Moos of Action Electric in Billings, Montana.
- “With the new tax breaks we plan to
expand our community based outreach programs to incorporate some
literary and cultural arts events through the bookstore,” said
Cherry Collins of Dreamalot Books in Goose Creek, South
Carolina.
- “We are giving raises across the board
to our good employees and are expanding our business due to the new
tax laws,” said Brett Tanner of Pinnacle Trailer Sales, Inc. in
Wilmington, NC.
According to research from the Congressional Management
Foundation, 84 percent of Congressional offices state that it would
take as few as 25 constituent opinions to consider taking the
action requested or changing their stance. More than half of small
business owners surveyed agree their own elected members of
Congress know their opinion on important issues.
“We know from research that the constituent voice is powerful
and Congress listens. NWYC members regularly communicate with their
members of Congress and know their opinion makes an impact in
influencing votes,” said Ford.
NWYC exists to provide members with non-partisan information and
research along with the tools they can use to connect with their
representatives in Washington and advocate for the policies and
actions that will help their small businesses be successful for
their families, their employees and their communities.
For complete Q2 2018 Index findings, view our infographic.
Methodology
NWYC’s Index on the Sentiment of Small Business Owners towards
Congress is based on data collected using an online survey
administered March 28-April 4, 2018. A total of 972 respondents
participated. Respondents represent 45 of the 50 states in the U.S.
Their businesses are small, with 64% employing 1-9 employees and
34% with 10-99 employees. The predominant industries represented
are construction, services, automotive repair, health, legal,
accounting, engineering, advertising, education, manufacturing,
agriculture, and retail trade. To view the full report, visit
www.nwyc.com.
About National Write Your Congressman
National Write Your Congressman (NWYC) is an organization
that gives small businesses a voice in American government. As
the nation’s largest, privately held, nonpartisan membership
organization made up of small businesses, NWYC is dedicated to the
delivery of constituent opinions to representatives in
Washington. For 60 years, NWYC has provided small business
owners and operators the tools necessary to connect with
members of Congress and a platform to let their collective voice be
heard. NWYC’s team of experts provides unbiased,
nonpartisan information and research on top issues and pending
legislation relevant to small business owners
today. NWYC presents both sides of the issue so that
members can form an educated opinion and let their opinions be
heard. For more information, visit: www.nwyc.com.
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for National Write Your CongressmanAnthea Danby,
214-205-8062anthea@minervaco.com