79% of Businesses Plan to Add Jobs, Many Say Trump Tax Cuts Help

79% of Businesses Plan to Add Jobs, Many Say Trump Tax Cuts Help

A large majority of business leaders say they plan to add more jobs in 2019, and many say the Trump tax cuts have helped their businesses, according to a new Zogby Analytics Poll highlighted in the Washington Examiner.

The Examiner reports:

A survey of owners, chief executive officers, vice presidents, officers, administrators and directors found that 79 percent are putting plans in place to hire more employees.  And broadly, said the new Zogby Analytics Poll, executives are citing the tax cut for continued expansion. “What we found was an optimistic, yet somewhat cautious outlook for business this year,” said the analysis. 

Also uncovered in the survey, 55 percent of businesses said it was “unlikely” they would layoff employees this year and almost half said the tax cuts help their bottom line, compared to just 13 percent of businesses that say the tax cuts will “hurt” them.

Zogby’s report notes that “Business leaders are optimistic about hiring in 2019, which could point to optimism about the economy, even though there are domestic issues, such as, the partial government shutdown and a stock market entering bear territory.”

When it comes to the Trump tax cuts, Zogby points out, “Not all businesses will benefit from the Tax Cuts, but it’s suffice to say the law will not hurt businesses either, which could help explain the high number of businesses, especially small businesses, that said they plan to hire in 2019.”

For the full report, click HERE.

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