5 reasons small business owners are optimistic about 2017

Small business owners across the country are feeling optimistic post-election, anticipating how President-elect Donald Trump's time in office will affect their businesses, according to a report posted in The New York Times.

Here are five key notes from the report:

1. Business owners could have more confidence due to a projected revenue increase next year, thanks to an improving economy.

2. Mr. Trump promised to lower taxes and "roll back regulations" for businesses on the campaign trail, and small business owners are expecting him to make good. One of the key regulations high on Mr. Trump's list to tackle is the Affordable Care Act; many business owners would like the cost of insuring their employees to decrease under his administration.

3. A Wells Fargo survey cited in the report shows 46 percent of the respondents felt their companies' operating environment will improve next year; this is up from 30 percent two years ago.

4. Around 40 percent of the business owners in the Wells Fargo survey reported Mr. Trump's presidency and the Republican Congress will likely make their companies better off; 17 percent felt the new administration and Congress would make their businesses worse off one year from now.

5. Mr. Trump's nominee for labor secretary has been opposed to the rule changes on overtime pay during President Barack Obama's administration and could roll them back.

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