As Congress and the administration consider 2025 policies, small business owners are raising concerns about rising tariffs, slowing growth, immigration policy impacts, and threats to healthcare from Medicaid cuts and ACA changes. Many are responding by raising prices or pausing expansion. They also oppose increasing the federal deficit to fund tax cuts for the wealthy and large corporations. 

This Voice of Main Street poll shows entrepreneurs face major capital challenges and oppose the administration’s proposed spending cuts. Notably, 78% are concerned about cuts to the SBA, which provides vital resources small businesses need to succeed.

Small Business Majority’s February poll shows entrepreneurs are concerned about new tariffs and mass deportations. Over half fear tariffs will hurt their business, and 77% worry about economic impact. Deportation policies also raise concern, with 69% citing potential harm to the U.S. economy and 37% to their own or suppliers’ operations.

Small Business Majority’s new national opinion poll of small businesses reveals that they believe they’re not competing on a level playing field in the federal tax system with large corporations. While many small business owners are aware of and take advantage of the 20% pass-through deduction, the benefits of this deduction are skewed in favor of a small number of the wealthiest businesses. As a result, they support several reforms, including a fixed standard deduction. Additionally, entrepreneurs support maintaining increased IRS funding so that they can properly execute their mission to improve customer service and increased audits of wealthy taxpayers and large corporations.