Skip to main content
Advertising

Originally published Wednesday, November 14, 2012 at 1:13 PM

  • Share:
           
  • Comments (0)
  • Print

Survey: Taxes on consumers big issue for small biz

Small business owners who are worried about the so-called fiscal cliff are concerned beyond their own finances - they're also uneasy about higher taxes on consumers.

AP Business Writer

Most Popular Comments
Hide / Show comments
No comments have been posted to this article.
Start the conversation >

advertising

NEW YORK —

Small business owners who are worried about the so-called fiscal cliff are concerned beyond their own finances - they're also uneasy about higher taxes on consumers.

That's the finding of a survey released Wednesday by Small Business Majority, a lobbying group. The survey found that owners are most worried about losing tax breaks that will help their companies, like higher deductions for equipment purchases. They're equally concerned that a 2 percentage point increase in payroll taxes will force consumers to cut spending, leading to lower revenue for small business.

The survey indicates that owners generally aren't focused on one of the most highly publicized aspects of the cliff, an increase scheduled to begin Jan. 1 in tax rates on individuals earning $200,000 or more or households earning $250,000 more.

News where, when and how you want it

Email Icon

The summer is wide open.

The summer is wide open.

Follow our three-part "Washington's National Parks" series running through August 10 for an in-depth look at some of our local treasures.

Advertising

Advertising

NDN Video

Advertising