Monday, September 06, 2010

Obamanomics vs. small businesses

Small businesses are complaining that Pres. Obama's [pictured, right] economic "incentives" contradict each other. The Washington Post reports:

Some business owners and advocates complain that some of the programs contradict one another. Stephanie Cathcart, spokeswoman for the National Federation of Independent Business, said benefits from the payroll tax exemption business owners use when they hire unemployed people are mitigated by provisions in the health-care overhaul law that reduce a tax credit when businesses hire.

"It's counterintuitive," she said. "Frankly, a lot of these initiatives fall short."

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