Saturday, September 03, 2011

Small biz owners are not worried about regs or taxes

Splintering two of the main planks of GOP demagoguery, McClatchy surveys small business owners and finds neither regulations nor the prospect of slightly higher taxes is keeping them awake at night with "uncertainty."
"Government regulations are not 'choking' our business, the hospitality business," Bernard Wolfson, the president of Hospitality Operations in Miami, told The Miami Herald. "In order to do business in today's environment, government regulations are necessary and we must deal with them. The health and safety of our guests depend on regulations. It is the government regulations that help keep things in order." [...]

None of the business owners complained about regulation in their particular industries, and most seemed to welcome it. Some pointed to the lack of regulation in mortgage lending as a principal cause of the financial crisis that brought about the Great Recession of 2007-09 and its grim aftermath.
The results were a bit more mixed than that but basically, the only ones complaining about regs and taxes are the Chamber of Commerce and the corporate behemoths masquerading as small business for tax purposes that they represent. The real mom and pop small businesses are more worried about the human costs than squeezing an extra penny of profit out of a dollar.

[More posts daily at the Detroit News.]

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