“Taxes haven’t been an issue either as no one believes he will be raising taxes in the next 2 years at least and probably not at all on corporations.”
It sure is an issue, as a future tax hike influences decsision now. The tax hike is on the ‘rich’ - personal income taxes, which hits all subchapter S Corps and LLPs. We need to make Bush’s tax cut permanent at ALL levels or the impact on the economy will be bad (it already has had a negative effect).
” Do you have a link showing corporate tax rates going up? If so, I can easily pass it along to all of our executives.”
The issue with the Corp. tax rate is that it is way too high already at 35% and is non-competitive globally (we are the highest rate among OECD nations) *and* we charge for repatriating earnings from overseas (basically we punish corps for bringing money home - how stupid is that?!?), as a way to try to tax overseas earnings (which no other country tries to do, they just tax earning from in-country operations). It drives corporations to register offshore. The Dems demagogue about Bermuda Corps without asking the question “Why do they flee?” ... Because the IRS is trying to rip them off!
Obama’s other bad tax plans will drive up the marginal tax rate for people making $40,000, because of how he structures the tax giveaways. this will skew and discourage employment.
last, grocers have very low sales margins so I dont think they would scoff at even an expense that is 1/4 of 1%. They watch every penny. Obama’s plan is to raise Federal government spending by $2 trillion above where it was last year - this massive government spending is an absurdity that will have to be paid back. If your businesses wallet has money in it, it WILL get raided sooner or later.
You can say whatever you want--the reason people are cutting back is sales are down. Our comps went from +7 to -6% in about half a year. Many other retailer segments are FAR worse. That is before backing out inflation also. Even Walmart's comps were down if you factor inflation into the equation.