Most small businesses oppose IRS expansion, believe we are in recession, poll

The majority of small businesses believe the U.S. economy is in a recession and are against doubling the size of the IRS, according to a new poll from the Job Creators Network Foundation, a nonpartisan small business advocacy group.

The poll found that 61% of small businesses believe the U.S. is in a recession, although the White House has attempted to redefine the term amid high inflation and declining gross domestic product. 

Additionally, seven in 10 small businesses are against doubling the size of the IRS as the agency plans on hiring 87,000 new employees.

The survey found that small businesses are more split on forgiving student loans. Half of all small businesses polled are opposed to forgiving the loans while 10% are unsure and 40% are in favor of the plan.

The national survey was conducted with 500 small business employers from Sept. 3-29 with a margin of error of 4.4%.