Economy Ranks as Top Election Issue for Small Biz Owners

When it comes to the most important issue to small business owners this election season, there’s the economy; then there’s everything else. The latest Small Business Snapshot, from Paychex, Inc., found that more than half of small business owners (52%) named the economy as their top election issue. Paychex is a provider of human capital management solutions for small- to medium-sized businesses.

After the economy, the other issues cited by small business owners as most important follow in order as health care reform (10%), tax reform (9%), jobs and employment (6%), and immigration (6%).

“While it’s understandable that during an election year, business owners would have broader economic issues on their minds, it’s important not to lose sight of some of the other issues – such as regulation and compliance – that will likely impact them on a more day-to-day basis,” said Martin Mucci, Paychex president and CEO. “Any election year brings a good amount of uncertainty about what the future holds. Parties tend to focus a lot on the country’s economic policies, and while those positions are undoubtedly important, what’s not changing anytime soon are the regulatory burdens that will have a significant effect on everyday business operations.”