President Obama's top spokesman blamed Republicans for an unexpectedly dismal GDP report that showed the economy contracted in the fourth quarter. The White House had suggested GOP willingness to allow sweeping defense cuts take effect was the culprit.
The problem is there's much uncertainty among businesses due to upcoming projected tax hikes. Taxes have already increased in certain areas such as the Social Security tax and there are new tax hikes to fund Obamacare. Many small businesses aren't comfortable with hiring new workers because of Obamacare and the new regulations that the government has imposed upon the private sector.
To read the full story, click on the above link from FoxNews.com.
No comments:
Post a Comment