Quote:
Originally Posted by Minte
Small businesses that have money to invest won't spend a dime until a decision is made on tax increases. The indecisiveness of this administration is keeping things flat.
My mainstream business is up 26% this year. We already added 30 more jobs but could've easily added 50. We run 24/7 and our back log and receivables are at record highs.
If the Bush taxes are extended you will see hiring go up. If we have to give our extra money to the government we won't be hiring any time soon.
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The exact opposite is true. If a business owner is making a million in profit and they know they know they are going to pay a high tax rate they are going to reinvest that money in their company rather rather than sit on it and pay the taxes. Bush lowering the highest tax rate did nothing but hurt the economy.