A new report from CNBS shows President Trump’s approval rating among small business owners soaring to its all time high of 64%.
This comes at the same time a recent Gallup poll has Trump matching his all time approval high of 49% compared to 48% disapproval.
CNBC reports sixty-four percent of small business owners approve of the way Donald Trump is handling his job as president, the highest approval rating for Trump among entrepreneurs since CNBC and SurveyMonkey began conducting a quarterly survey in 2017.
The spike in approval among small business owners follows a pivotal period for Trump. This CNBC|SurveyMonkey Small Business Survey for the first quarter 2020 — which includes responses from more than 2,100 small business owners — was conducted the same week (Feb. 3–Feb. 10) as Trump’s third State of the Union address, his impeachment acquittal and the Iowa caucuses. The percentage of small business owners who say they “strongly approve” of how Trump is handling his job reached 47%, also a new high; it had never been above 40% in previous surveys.
“This is a high watermark for President Trump’s job approval, both among small business owners in our survey and among the general public,” said SurveyMonkey senior research scientist Laura Wronski.
A recent Gallup poll found Trump’s job-approval rating had risen to 49%, his highest in Gallup polling since he took office in 2017.
Small business owners are a consistent source of support for Trump, according to the CNBC|SurveyMonkey data — 60% approved of Trump’s handling of his job in Q4 2019. It was 56% one year ago when the government shutdown weighed on his support from the small business community.