President Barack Obama may be getting a big boost from small business owners, new research suggests. In a survey of business owners with fewer than five employees, 43 percent of them said they plan to support Obama's re-election, compared with 36 percent who plan to vote for his Republican challenger, Mitt Romney.
The economy, taxes and health care were the top issues influencing small business owners' decisions, the respondents told SohoOS, a provider of online management tools, which conducted the survey. Seven in 10 micro-business owners said those issues were very important in helping them decide whom to vote for. On the issue of taxes, micro-business owners preferred Obama's tax policy to Romney's tax plan by a margin of 45 percent to 40 percent.
"Small business has become a top topic in the presidential election,” said Ron Daniel, founder and CEO of SohoOS, which has served 900,000 small businesses. “So we sought to uncover the sentiment of the smallest businesses in America, from plumbers to photographers to jewelry makers to consultants – businesses that have been hit hard in the past four years. There are 30 million of these ‘micro-businesses’ in the U.S. that have between one and five employees and are critical to the growth of the U.S. economy. They believe that Obama is the better choice for their businesses."
SohoOS surveyed 620 micro-business owners.
With less than a month until the election, 12 percent of the owners said they were undecided on their choice for president. Regardless of who is elected, however, small business owners felt good about their prospects in the coming year. Sixty-two percent said they were optimistic, while 22 percent said they were very confident in their outlook for 2013.