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NFIB Weekly News Leading the News

Record Number Of Small Business Owners Consider Now A Good Time To Expand. (02/13/2018)

The NFIB’s Small Business Economic Trends Survey (2/12) for January saw a “record” number of small business owners say that now is a good time to expand. Furthermore, reported actual earnings climbed to the highest level reported since 1988. NFIB president and CEO Juanita Duggan is quoted saying, “Main Street is roaring. ... Small business owners are not only reporting better profits, but they’re also ready to grow and expand. The record level of enthusiasm for expansion follows a year of record-breaking optimism among small businesses.” NFIB Chief Economist Bill Dunkelberg is quoted saying, “The historically high index readings over the last year tell us small business owners have never been more positive about the economy. ... This is in large response to the new management in Washington tackling the biggest concerns of small business owners – high taxes and regulations.”

Business Climate

White House Releases 2019 Budget Proposal. (02/13/2018)

Bloomberg News (2/12, Sink) reports on President Trump’s $4.4 trillion budget proposal for fiscal 2019, though the piece calls the President’s budget plan “a plan Congress is expected to all but ignore that would slash entitlements and other domestic programs in favor of higher spending on the military and immigration enforcement.” Bloomberg reports the budget plan includes President Trump’s $200 billion in federal funding for an infrastructure program that the Administration “estimates it would create as much as $1.5 trillion in investments.”

Small Business Marketing

More Food Companies Launching Sustainability-Driven Campaigns. (02/13/2018)

The Orlando (FL) Sentinel (2/10) reported on the “growing number of food companies” that are “trying to convince customers their food comes from safe and responsible sources.” For instance, “Darden Restaurants, Publix, Winn-Dixie and other grocers have launched their own ‘sustainable seafood campaigns,’ and other companies are rallying around commitments to animal welfare and curbing overuse of antibiotics.” Such moves come in “response to a growing consumer desire for cleaner foods such as organic and locally grown products, as well as pressure from activists to cut down on what they see as abuse in supply chains, said Steve Kirn a lecturer at the University of Florida’s Miller Retail Center.”

Wages and Benefits

Commentary: Recent Corporate Tax Cut Inspiring Companies To Raise Minimum Wage. (02/13/2018)

Forbes (2/11) contributor Panos Mourdoukoutas discussed what he says is the “official explanation” for some retailers’ recent decision to raise the minimum wage and offer cash bonuses and paternal leave to their employees. Citing the “recent corporate tax cut,” Mourdoukoutas said “lower tax rates leave American companies with larger after-tax profits, which in the name of fairness and good publicity, they are willing to share with employees.”

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