I pay 5% of my payroll for state unemployment. I just got a special bill to pay the interest on the federal money.
I have two close relatives, both of whom have told me their companies will have to fold if Obama is re-elected.
My wife and I both had lucrative businesses in 08. In 09 mine folded and hers will need to if the _astard is re-elected. That’s a total of 80 unemployed people on our end.
In addition to his war on religion, Hugo Hosni Obama, the Food Stamp President is waging war on small business. His ideal solution is to ruin small business and have everyone work for the big companies like Government Motors or GE under union overseers. Essentially communist slavery!
LLS
At the end of the day all any of us are witnessing is theft by government. This is not America anymore.
Funny how half the people posting on this site have no sympathy for this Business Owner.
I’ll give you a viewpoint from business startups that I haven’t heard yet.
I started a company recently to compete in a multibillion dollar industry that is poorly served and desperate for a better product. So I invented the better product. I have several choices for getting it to market and realizing its profit potential. I can slug it out and go private industry. I can go for venture capital and take on financial partners. Or I can sell it to the Chinese that are willing to pay above top dollar and walk away a rich man.
Due to the government burdens, slugging it out isn’t an option. The risk of failure can become too great, and the loss of profits to taxes is beyond ridiculous.
Venture capital is risky as well and comes with it their total domination with me getting far less than expected.
The Chinese are willing to buy it outright and work hard to make the product successful. They stand an excellent chance of making that happen. The Chinese are willing to take my product outside the US and evade US taxes. The US wants basically half my dough. Half. For what??
When Congress and the rest of the polidiots get together they fail to remember places like the Soviet Union tried to keep people and resources inside but the country eventually failed. Half the people in this country pay taxes to feed the other half that are too lazy and stupid to feed themselves.
And of course the Federal government has the power to make such a distinction pursuant to the equal protection clause.
Oh, wait....
And I'll bet nobody sued.
800 employees doesn’t qualify as a small business. That said, there’s a lot of businesses that will go down if the imposter is reelected. Probably mine included.
Back during the 1982 old depression in South Texas I experienced the same thing. My employees never missed a payday but the electric company was turning my home power on and off and there were times that I was completely out of cash to buy anything for myself.
You have to go through it to even realize the hardships that a small business owner can experience with a downturn of the economy. Eventually I had exhausted all of my savings just to make payroll. Eventually, the bankruptcy filings from my customers forced me to lay off all workers and I had to bring the business back to prosperity by myself. Now, years later, I prosper but EXTREMELY cautious in hiring more new employees or buying new equipment due to the uncertain future to come.
The lessons learned in 1982 guide my daily personal and business life to this day and will into the future.
This was all for long time ago.
Now the next election is here. Hold on for a bit longer.
If Romney wins, then this will turn around. Bigtime.
I heard that woman call in.
The first thing I thought of was that any Liberals, and Obama himself (if he was listening) were besides themselves with glee. Their policies are working, and, given the chance, they’ll double down.