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Thursday, January 3, 2013

Small Businesses Aren?t The Stimulus Answer by Ronn Torossian, CEO, 5WPR - pink foamposites



We dont accept complacency; we demand and deliver foamposites for sale. We have never had a line of credit, dont carry credit card balances and pay our bills.

Government to date has affected my firm in many ways: we have footed the bill for jury duty for countless employees; we have matched Medicare tax rates (with little faith the system will exist when most of my employees will eventually need it); and as my firm grew, we paid extra commercial real estate taxes foamposites for sale. Yet, we have always followed the letter of the law and kept forging forth.

Over the last few months, my firm, like many other companies across the world, has seen our business depreciate black foamposites. We have lost clients due to finances, collections have become much harder, and we have had layoffs.

Yesterday, the stimulus package arrived at my business pink foamposites. We learned that my firm will have to pay 65% of COBRAs costs for each laid-off employee, eventually to be reimbursed in some form of tax credits (as a business owner I pay and pay and pay and never seem to get credits).

This stimulus package adds bills to my business, which is already down and suffering from lower cash flow.I hear about New Yorks governor proposing to raise taxes another 4 percent and Obama consumed with the popular tale of taxing the rich. Growing up in NYC, I always viewed the rich as elite folks who were billionaires Rockefellers who ran humongous publicly-traded corporations not my boss from 20 years ago, who owns seven local pizzerias and surely makes more than the $250,000 a year our President and Governor deem as the salary of the rich. These so-called rich are the people who create jobs and who sacrifice. People who work hard.Todays government is putting more strain on the hardworking entrepreneur. It is taxing energetic people who sacrifice every day to create opportunities for others as well as themselves. This is simply not the answer to the nations devastating problems. Countless small businesses are comatose and need stimulation; its not their responsibility to bail out individuals. The drivers of the American economy arent the poor and the jobless, but the entrepreneurs who create the opportunities for these jobless Americans.The new government taxes will result in more job losses. They will penalize the productive and give needlessly to the unproductive.

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