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-- -- -- -- -- And small biz slowdown National Federation of Independent Businesses optimism index fallen for the month of march and the numbers -- kind of a grim picture for jobs as small biz hiring outlook.
Hits a one year low joining us now to discuss that more we have respiratory and a partner -- -- -- Philadelphia Italian eatery got Jeff Benjamin thanks for being with us.
So as a small businesses generally and -- restaurant first look at the outlook for the economy which is Boller in the Moore told you don't have enough demand in my business or.
Oh gee there's a passel of new regulations I got to worry about.
There's plenty of demand it's the regulations and I think.
If you -- -- report you know you month over month that's exactly what people are talking about by a factor you know -- more than.
The man and this concern of the races happen if you start seeing more pieces of obamacare.
Unfold now house Obama care affecting restaurants what they do about it.
You know things affecting small business in general in a pretty big way and forget for a moment you know the financial impact direct.
An income and limitations gonna have.
Those of us and small business also have to go out and find guidance on -- -- hiring outsourcing people I'm not in my restaurant almost every day because I'm out there trying to find out what I have to do.
Then there's also of course the increase taxation that would have starting this year three point 8%.
That three point 8% is on S corporate earnings and many restaurant owners to clear the -- Earnings that restaurant not his business but as there S eight incoming now there's this three point 8% extra tax on.
Earnings were on revenue and profit on -- -- profit and earnings.
And and this -- to fund Medicare aid going bankrupt program doesn't seem very good for business now why can't you just sort of figure out obamacare on your own why would get to spend extra money to hire an advisor.
Well I don't think even the government stated -- his several thousand pages long.
I was -- -- be that guy that read it and it didn't work I got together with a big group of our colleagues in Chicago last month through.
This -- roundtable and all of us have the same questions what are you doing about obamacare.
And that we first we have to learn about it so we -- hiring lawyers and accountants it's it's it's.
-- friction in the gears of commerce and others it arbitrage that happens I own a restaurant let's say and -- I could spend 8000 or 121000 covering an employee with health care coverage.
Or could pay the government -- 3000 dollar penalty.
And let my employee go to the government.
-- market that's supposed to be set up how much are we seeing that the rest from -- You know the look for the.
The conversation and the reality is we also -- -- employers so we have to tow that line we spent several years and in the private sector.
Figuring out how to ensure our employees and we do offer great -- -- -- employees and now all of a sudden government comes as.
Not only did you do a great job doing that but now we're in a fortune to do -- -- if you don't we're gonna tax you on it so we do have to -- is fiscally sound or is it good HR policy.
The president told us that if you like your insurance plan you won't have to go through a change are your employees -- -- -- able to go through no change with obamacare coming in.
The answers we don't know.
Because we have to actually -- -- what's gonna happen we don't even know what this platinum and gold and silver.
Exchanges and look like yet that hasn't come out and uncertainty leads to doubt when in doubt why expand all right thanks for being with a very much Jeff Benjamin thank you.
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