Small businesses are 'doing fine.' That's a problem for the U.S. Chamber of Commerce | Fortune
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Small businesses are 'doing fine.' That's a problem for the U.S. Chamber of Commerce | Fortune
""Honestly, they're doing fine. The challenge is that fine really isn't good enough, especially when you look at the pro-growth incentives from the tax law that was signed last July.""
""A key difference with the military conflict in Iran is that there's a direct connection to rising gas prices, and that is the double whammy for small business owners.""
""From a small business perspective, inflation is anything that costs more.""
Small businesses are facing heightened anxiety regarding the economy, as indicated by a drop in the U.S. Chamber of Commerce's Small Business Index to 67.0. Only 28% of owners believe the economy is in good health, marking a significant decline. Plans to increase staffing have also fallen sharply. The ongoing conflict in Iran is exacerbating concerns, particularly due to rising gas prices, which directly impact small business operations. Inflation remains a persistent challenge, with over half of owners citing it as their primary concern.
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