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FBN’s Rich Edson on the slow economy’s impact on small business and the tax debate in Washington.
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Federal taxpayers face and almost across the board tax hike beginning of next year and Democrats and Republicans are divided as they've ever been on how to stop the full inquiry.
As Republicans continue to argue the wealthiest 2% can't contribute even war.
I urge them talk to three quarters of Americans who disagree.
This is the kind of absurd until you get when you've got a governing party that's more concerned won an election.
Than inflation up to the consequences of the president's failed.
Economic policies.
-- -- want to -- families earning less than 250000.
Dollars a year from tax increases Republicans say the remaining tax increase will hit small businesses.
And -- top small business association says it has been a difficult summer for its members the National Federation of Independent Business says.
Businesses are hesitant to expand because of a persistently sluggish economy.
And political uncertainties.
The group says its business owners confidence dropped in June it's small business optimism index fell significantly by three points.
This is the largest one month drop in two years and bring the index to its lowest level since October.
And while optimism is down many small business owners say they have been unable to secure loans.
National small business association survey says in the last four years nearly half of small business owners needed alone.
And couldn't get one's.
-- says access to financing prevented 53% of companies from expanding forced 32% to shrink their work forces.
And 20% to cut back on employee benefits.
That's it for this edition of the small business report.
I'm rich Edson Fox Business Network.
