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FBN’s Peter Barnes on concerns about potential tax hikes and their impact on small businesses and hiring.
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President Obama and Republicans faced off over how to avoid the fiscal -- and the possible impact on small companies and job creation.
The president wants to let the bush tax cuts expire at the end of this year for families earning more than 250000.
A year.
Which would raise taxes on some small business.
-- 98%.
Of Americans.
Whose incomes are 250000.
All of your last would not see any increases.
97% -- small businesses would not see any interest income taxes.
But some small business owners met with Republican leaders in the house.
Who say the higher taxes will -- entrepreneur lowers.
You small businesses around our separate.
And I believe all of us here to have your backs.
-- about more jobs being created.
Working people this country.
While entrepreneurs remain concerned about the fiscal cliff a new report by pain -- -- small businesses are beginning to get more optimistic about the future and so are borrowing more money.
Hey that's our business.
Rose from a revised 96 point four in September to a 107 point five in October.
Increasing my -- That's small businesses could begin investing more in their companies and hiring more new workers.
That's it for this edition of the small business report I'm Peter Barnes Fox Business Network.
