Now we count down by the hour to the automatic across the board federal spending cuts and the negative impact on the economy. Small businesses will be particularly hurt when money starts leaving Main Street.
But don’t expect any sympathy from the U.S. Chamber for the plight of small business (even though it says that it represents small business also). The U.S. Chamber has come out against any effort in the Senate for a balanced approach between raising revenue and cutting spending—something the public is firmly behind.
Because they are protecting their big dues paying members–the multinational corporations who pay little in federal income tax.
So damn the torpedoes and full steam ahead toward austerity and the harm to small businesses. But at least we’ll protect all the big boys from paying their fair share of taxes.