Barack Obama and Joe Biden made no secret over the fact that they intend to raise taxes in order to pay for their government expansion and union bailouts.
How should a small business respond to these anticipated new costs in these stressful economic times?
Should they raise the prices of their products or services at a time when consumers have less disposable income? That won't work.
The bottom line is that small businesses will unfortunatly have to cut the benefits of their employees and in some cases lay people off in order to keep up. This is already happening.
Who should be laid off?
Perhaps the boss responsible for making these painful decisions should take a stroll out into the company parking lot and look for Obama bumper stickers. The Obama supporters should be the first to go.
After all, they voted for a change and the change is coming. It would therefore be only fitting for them, the supporters of new taxes, to be the first to to experience the privalage of participating in the change.
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