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Small Businesses Leery of Obama's Jobs Plan
By: devona walker
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Fri, 01/29/2010 - 09:50
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President Obama's plan to combat the country's double-digit unemployment rate hinges on a package of small-business loans and tax incentives that some company owners worry won't be enough to spur hiring, according to the Washington Post.
Similar proposals have already been considered by Congress and discarded. And a main trade group for small business said Thursday that even if the package materializes, it expects the impact to be marginal at best.
"We are skeptical," said Bill Rys, tax counsel for the National Federation of Independent Business. "Until you have customers coming in the door, you're going to have less of a reason to hire."
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