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Dover Caterers CEO Butch Yamali on how economic uncertainties and fiscal cliff concerns impact small businesses’ planning.
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The president's tax increase goes through.
There will be a million small businesses in America that are gonna pay higher taxes fall on the small businesses.
Raising taxes on small businesspeople who have spent a lifetime building a small business taxes small business income to raise taxes on small businesses this kills the middle class workers that work for -- small businesses.
Without diluted good times do well -- by the -- -- the we check -- -- small business -- are they right.
These taxes to come.
Going to undo -- -- -- CEO -- about a back -- -- which was conceived the -- you know we have a lot of -- -- Republican politicians -- on your behalf that.
Taxes go up.
Even did not directly indirectly you have to pay when -- Who are paid very scary we don't know what to do we've been already hit the bad economy.
Now it was moved to hurt you very the American but it is what notwithstanding that -- -- economies -- You should be likens you have -- it's unbelievable -- business is down 30%.
Hasn't really it's down.
These people aren't having parties is much in the and that's did you hear -- so that's my kids it's not a discretionary expense you don't have to have a big party at -- big -- do more concerned about their homes I'm on the social blown out of it very hard.
-- -- -- But most important thing is we have to be careful we -- the cut back and prepare for the worst.
And that's you know normally is coming and look at to expand my business that and his them cutting back.
Real time will what are you doing now been fully expecting to -- -- -- -- you would have suffered a first thing just protecting myself from freezing any hiring.
I'm not gonna expand.
Cutting back gonna be over time -- the temple anyway this you know the cut anything that's not that's a luxury.
I cut back I'm I'm walking and you know few 100000 -- I'm walking expenses.
Just as -- to -- you know be safe to -- focus after that.
-- that would obamacare ten months after this little hidden got a few 100000 -- -- market you are the top 2%.
Prom so they can add that the president once you -- -- just been affected.
This it's it's very says it's very you know.
I didn't have words for it's it's just its second Paris you know I don't know why anybody would be you know -- -- They -- let's say -- in tax rates invariably go up they might now know as much as president wants maybe more than Republicans here.
Did it go up when -- and I don't know how much they're gonna go up.
Then.
What happens.
They wanted if they goes up you know with the working middle class the negative -- less they're gonna have less disposable income -- -- and it's just the top few percent you're saying that the spillover on small business and elsewhere is such.
It we'll have -- Top 2% gets hit now they're gonna spend less as well -- they're gonna look not looked.
The for -- become a way to save a buck and that's what I have to do.
You know we have to worry about but what discretionary spending worry about.
How we're gonna make you know -- business we were gonna very small profit margin residents everything going up and all these different expenses.
-- -- -- how can afford.
The puts the idea that Smart business guys like you like certainty if you knew all -- we kind of expected taxes -- now we know exactly how much.
We now know what's on the horizon.
It's not -- at certain.
Isn't there a sense of closure for you and your customers may be.
-- -- now and to plan accordingly and a cloud has lifted its not that it's a welcome.
Cloud that's replaced him but they know what to expect.
And they move on there -- moves on they do their parties.
You know you do well.
Well we hope to do well that's the first thing right that's -- -- the first be careful about everything that we do and about the price point that we -- for our customers.
We make it -- I just to cover all his expenses who's gonna have a party.
So we have to be careful with that -- some kind of a happy medium to have to cut any kind of luxury that we have.
And he kind of extra spending can happen because -- -- marketing will cut down.
-- wanted to do was lay anybody off that's the worst fear connected and I wouldn't wanna do that to define -- -- -- homebound.
To -- kind of the package together for my customers that they can afford they can keep my staff.
I probably won't be able to grow that hurts me because of the growth of 25 years thirty years and that's that's the plucked.
Really sort of just a big disconnect consumer you're saying -- -- small business guy and what I heard.
The Boeing CEO wolves surrounds this round tables and I welcome I'm okay.
With a tax like there's a balance suspected -- it.
You say it is a big difference between what a guy like that saying and advocating and what you're saying.
We have eight out of I don't think -- can be effective if the people that work on the them that are -- wanted to be -- people like me either be affected.
The guy that owns a small business or -- pop candy store they're gonna be crushed the mean hello people are gonna have that money to spend -- little extra -- to do these things.
And it's it's gonna hurt it's really gonna -- a lot.
And I'm just hoping that.
They come to some kind of agreement that's fair enough that we can survive -- in continuing business.
So you expect to be hurt just don't get her too much -- -- Yet to speak and that's had a hand that feeds into -- puts thank you very much we wish you well -- -- knowledge.
-- odds that a troop withdrawal of this and I think one of the best read -- just what's really going on.
On the small business community because you know is what he speaks.
Is -- those are.
