“Small-business owners are telling us they're more concerned about the election than they are the economy right now,” Shouse said. “They don't want to spend any money unless it's absolutely necessary. They aren't hiring, expanding or ordering more inventories until the future becomes more certain.”
NFIB Chief Economist William Dunkelberg said those concerns are echoed in the national survey.
“The election is just weeks away and essentially a horse-race, and its outcomes would have vastly divergent policy implications,” he said.
The federation questioned nearly 700 of its members as part of its survey.
The Associated Press