While guest co-hosting on CNBC’s Squawk Box, Rep. Paul Ryan asks the National Federation of Independent Business’s (NFIB) Chief Economist : what is bothering them about what is going on with the federal government and why are they “holding back”:
Higher taxes, in the form of VATs, and skyrocketing deficit spending is bad for all business big and small. Who knew?
With all of this talk of coming out of Washington, it is making many business owners trepidatious about taking any risks, right now, like hiring more people, expanding their businesses or opening new ones. This is why the unemployment rate is going staying steady around 10%.
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