Sunday, December 22, 2013

Small business owners feel pessimistic about the year ahead

 

"With a financially tough year behind them, small business owners are feeling equally pessimistic about their economic prospects in 2014.


Small business owners who provide health insurance may soon find that their plans ‘unacceptable’ to Obamacare and be obliged to either pay more for the coverage or abandon it and pay the benefit in cash. This will be a major source of angst and uncertainty in 2014.” 


Business owners are also worried about uncertain energy costs, regulation and the U.S. tax code.


The record number of new regulations posted in the federal registry — with a new one written every few hours — have been especially tough on businesses’ bottom line.


“Compliance costs add up to about $1.8 trillion a year,”      

[Daily Caller]



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