Small Businesses Uncertain due to Political Wavering on Tax Cuts

An unforeseen effect of the tax cut debate is currently hampering growth in the US. Small business owners are currently reporting that they will not be hiring new employees until Congress comes to a decision regarding the Bush tax cuts. They claim that they have limited information and cannot expand until they are certain of the impacts of tax legislation on their businesses. The delays are making them uncertain about their bottom line, making it so that they have no idea whether it is economically advisable to invest or hire. Considering that unemployment is far above the natural rate, this uncertainty can only make matters worse. Politics cannot come in the way of economic recovery and growth when it is at all possible to avoid this.