Tuesday, September 14, 2010

Worries Over Tax Hikes Coloring Business Decisions

WSJ  "Nobody is doing much of anything about expanding or hiring or investing in new equipment," said Ken Keith, owner of Kasbar Inc., a Winston-Salem, N.C., accounting firm that works with small businesses.
"Target Plastics Inc., a Salem, Ore., maker of custom plastic products, used to have seven employees, but now it has only two full-time workers, with an additional person working half-time, said owner Melissa Hescock.
" "I've basically cut back because of the amount of taxes," Ms. Hescock said, including recent state increases and anticipated future federal boosts. "I have fewer people doing more work.""
Oh, the country's in the very best  of hands, the best of haaaaands, the best of hands.

GOOD MOVE MITCH!  "He is introducing a bill in Washington that would prevent anyone from paying a higher tax rate next year than they do this year. This would effectively extend all of the Bush tax cuts for another year .. and give a new congress the chance to straighten this mess out." Neal Boortz

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