NFIB Weekly News

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NFIB Weekly News Leading the News

Small Business Optimism Index Sustains Record Highs In April. (05/08/2018)

NFIB’s Small Business Economic Trends Survey saw the “17th consecutive month of historically high readings” in April. NFIB CEO and President Juanita Duggan is quoted saying, “Never in the history of this survey have we seen profit trends so high. ... The optimism small businesses owners have about the economy is turning into new job creation, increased wages and benefits, and investment.” Positive profit trends increased in April due to stronger sales, productivity gains, and the new tax law, while 22 percent cited the difficulty of finding qualified workers as the single most important business problem. Chief Economist Bill Dunkelberg is quoted saying, “There is no question that small business is booming. ... Consumer spending, the new tax law, and lower regulatory barriers are all supporting the surge in optimism across all small business industry sectors.”

Business Climate

German Minister Calls For New EU-US Trade Deal Focused On Industrial Sector. (05/08/2018)

Reuters (5/5) reported German Economic Minister Peter Altmaier told a local newspaper that the stalled Transatlantic Trade and Investment Partnership (TTIP) has “proved to be unrealizable,” but that the two nations “should talk about doing something new, such as an understanding concerning selected industrial products.” Reuters noted, “Berlin is urging its European partners to show some flexibility and pursue a broad trade deal that benefits” both the US and Europe, but “some countries are resisting,” with France in particular seeking “a tougher EU stance against” President Trump’s threat of steel and aluminum tariffs.

Small Business Marketing

Communities Across The Country Continue Celebrating National Small Business Week. (05/08/2018)

In a piece for the Baltimore Times (5/4) headlined, “The Best Way To Celebrate National Small Business Week? Shop Local,” author and small business advocate Quint Studer wrote that “April 29 to May 5, 2018, is National Small Business Week. Since 1963 this week has been designated to recognize the impact of America’s entrepreneurs and small businesses. The best way to celebrate and honor small businesses and local entrepreneurs this week – and all year long – is to do business with them.”

Wages and Benefits

NYTimes Analysis: Despite Trump’s Claim, Parts Of ACA Remain In Place. (05/08/2018)

The New York Times (5/6, Rappeport, Subscription Publication) reported that while President Trump “assured his supporters” at a recent rally in Michigan “that he had kept his promise to abolish the Affordable Care Act – even though Congress had failed to repeal” it, “many parts of the Affordable Care Act remain in place,” and the Administration “is even enforcing some of its provisions more aggressively than President Barack Obama did – a reality that has enraged business groups and Republicans in Congress who still want the law officially repealed.” According to the Times, the individual mandate is gone, but the employer mandate “is very much alive” and the IRS “has been pursuing companies that fail to comply.”