This Much is Uncertain
The timing of Dodd-Frank could hardly be worse for the fragile recovery. A new survey by the Vistage consulting group of small and midsize company CEOs finds that "uncertainty" about the economy is by far the most significant business issue they face. Of the more than 1,600 CEOs surveyed, 87% said the federal government doesn't understand the challenges confronting American companies. Believe it or not, Mr. Frank has already promised a follow-up bill to fix the mistakes Congress is making in this one. (WSJ, 7/14/10)
Create an atmosphere of uncertainty and businesses will not invest or hire.
A Simple Lesson About Taxes
Vermont’s border towns are benefiting from a tax increase on cigarettes in New York state. The state tax on a pack of cigarettes in New York is $4.35. In Vermont, it’s $2.24… (BFP, 7/14/10)
Raise taxes and people will go to places that have lower taxes.
Getting Out of Town
When President Obama sat among local officials at a snack bar in Pensacola, Florida last month, he emphasized that the Sunshine State's beaches were "open for business" and vowed to do everything his administration could to help those in the region. Well, maybe not everything. When the president and his family go away later this week for a mini-vacation, they'll be traveling almost 2,000 miles away from the oil spill, escaping the heat in Washington for the cooler weather up north at Mount Desert Island, Maine. (FoxNews.com, 7/13/10)
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