The U.S. Chamber of Commerce’s second quarter small-business survey found that healthcare reform legislation, the Patient Protection and Affordable Care Act, has emerged as the top concern for small businesses.
The survey, conducted online by Harris Interactive this month among more than 1,300 small-business executives, shows that concerns about regulation have increased significantly and hiring continues to be stalled by uncertainty and regulatory burdens.
The outlook for hiring remains depressed, with the majority of small businesses saying they do not have plans to hire next year. However, small-business owners overwhelmingly voiced support for policies that would remove regulatory barriers and encourage growth, with 88 percent supporting action to address entitlement spending and 81 percent responding that the immigration system is broken and needs to be reformed.
Concern about the 2010 healthcare bill has increased by 10 points since June 2011 and by four points since last quarter. Eight out of 10 small businesses (79 percent) continue to think the U.S. economy is on the wrong track, and 61 percent do not have plans to hire in the next year, according to the survey.
The Q2 U.S. Chamber of Commerce Small Business Outlook Survey was conducted online between June 21 – July 8 by Harris Interactive among 1,304 small-business executives. (This is defined as executive-level positions in companies with fewer than 500 employees and annual revenue less than $25 million.)
The full survey results are available here.