We enter a second term with a myriad of challenges for the US
Economy. Debt is skyrocketing since President Obama took office and
at his inauguration the President hinted at dramatically increasing
spending for things like climate change.
After 4 years without a budget we are told that no spending
restraints will be considered by the President even though we are
borrowing - 60 percent of everything we are spending and adding to
our kids and grand kids future "tab".
At the same time the President's spokespeople are talking about
further increasing taxes on everyone earning what they define as high
incomes. That move is sure to decrease employment as people redirect
their spending from paying marginal employees to paying taxes to
Washington.
Here's what we need to focus on now in America...
Business is under attack by an Administration that seems clueless
about economic reality
We need to...
Legally - aggressively - avoid every dollar of tax we can...
Export EVERY job we can to low cost - qualified - labor markets like
the Philippines - because the full extent of the cost of the
healthcare bill could make hiring a US employee considerably higher
than you anticipate
Adjust your income as low as you can and hire as few employees in
America as you can for the time being - this administration has been
fantastic for big business but not for Entrepreneurs like us - make
sure you survive...
To your Great Success,
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