Uncertainty about changes in the federal tax structure are a hot topic on Wall Street and in Washington. Yesterday The Wall Street Journal took a look at how businesses -- large and small -- are dealing with the issue. One of the companies quoted is a small plastics processor in Salem, Ore. The story, "Worries Over Tax Hikes Coloring Business Decisions," quotes Melissa Hescock, owner of Target Plastics Inc., a company that used to have seven employees but now has only two full-time workers, plus one part-timer. "I've basically cut back because of the amount of taxes," Hescock told the WSJ, citing both increases in state taxes and anticipated tax increases that could be on the way from Washington. "I have fewer people doing more work." For more background on the business community's take on tax policy, check the story filed by Mike Verespej, Plastics News' Washington-based staff reporter, last week: "Chamber of Commerce starts campaign aimed at creating jobs."
WSJ quotes plastics firm on tax worries
Do you have an opinion about this story? Do you have some thoughts you'd like to share with our readers? Plastics News would love to hear from you. Email your letter to Editor at [email protected]