A new survey from the National Federation of Independent Business (NFIB) shows that small businesses plan to scale back investment and hiring in 2016, according to MarketWatch's Jerry Bartash.

Their main concern: the upcoming presidential election, Bartash writes:

The 2016 presidential election, meanwhile, is getting the attention of small businesses. Democrats are touting proposals to tax and regulate businesses while Republican front-runner Donald Trump has espoused policies that could lead to a trade war with China and Mexico.

“All of this generates uncertainty, the enemy of spending and hiring behavior that would move the economy forward at a faster pace,” the NFIB said.

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