A potential wave of new regulation and higher taxes may be scaring many businesses from hiring, prolonging any rebound in employment, say business groups and economists.
The prospect of increased federal and state regulation and taxes has been particularly disruptive to the hiring plans of small- and medium-sized businesses, which have historically generated about two-thirds of the nation's jobs.
1 comment:
The problem with this article is that two of their main sources are from CNBC which has a very anti-Obama leaning, and from the Cato Institute, who was set up initially for the sole purpose of flooding the mainstream academic world with hard-line libertarian articles. Now neither of these things is bad on their own; the problem arises when there isn't a counterpoint that says something along the lines of "the Bush tax system is the least progressive and favors the rich the most of any administration since the Great Depression."
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