Business Leaders Overwhelmingly Support Romney

In its survey of 284 chief executives in Oct. 2012 regarding the presidential election, ChiefExecutive reports 83.2 percent of CEOs intend to vote for Mitt Romney, nearly identical results to a survey of 334 separate CEOs in Sept. 2012. Additionally, if Romney is elected, CEOs say they are more likely to increase capital expenditures and hiring than if Obama is elected. Almost 58 percent say Pres. Obama has significantly harmed the business climate, and another 26 percent say he has done more harm than good. Although Pres. Obama consistently maintains he supports small business, almost 45 percent of those surveyed operate businesses under $25 million in revenues. The two most critical issues to these business leaders are debt reduction and limiting debt, followed by job creation and corporate tax rates. Thirty-one percent say overall business conditions are weak, fifteen percent say conditions are poor, and only 23 percent describe the business climate as good or very good. As MHProNews has learned, 48.4 percent do not expect change in their employment levels, while another 22.6 employment believe employment will fall. For the full report, click here.

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