Wells Fargo small business head Marc Bernstein attributed the potential decline in confidence in part to the possibility of going over the “fiscal cliff,” or the automatic tax hikes and defense cuts scheduled to occur if Congress and the White House do not reach a budget deal by the end of this month.
“Business owners who navigated through the Great Recession now face more uncharted territory created by ongoing uncertainty in Washington,” he said.
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3 comments:
One word, Obamacare!
Obamacare does not impact a business unless you have 50 employees. For this study a small business is a company that employs 500 people or less. The rhetoric from DC rarely states this. In this country 85 percent of employers have less than 50 employees. Small business is already hurting. Obamacare will not impact truly small employers. It is a skewed reality.
9:43 your wrong it is word though and that is OBAMA plain and simple, he is MR. Business Killer
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