The question was "Based on this artical [sic]" and the article didn't say a word about Obama or Congress. Based on the 4 minute gap between question & reply, I think it's safe to assume that you didn't read the article - just jumped in to provide the same comment as 1000000 times before.
Of course corporate management says it's due to taxes, but that's not hurting their profits, so I'm a wee bit sceptical about their self serving response.
The article provides an explanation that makes more sense, IMO.
Yes, I read the Huff article. Found it to be incomplete, slanted and not in line with anything that I have read of late.
Many industries I keep track of have put shut down/scale down plans into place in case Obama is reelected and current regulation and tax trends continue.
The US, if I remember correctly, has the highest corporate income tax in the WORLD and Obama, if he has a majority again, WILL raise that higher.
Companies are taking profits and sitting on them, waiting to see the outcome. NO company in their right mind would expand under a second Obama term.
That article also did NOT take into account the many 'stealth' taxes that are going to be coming on line, under Obama Care, that are aimed a small to mid sized businesses that will likely either put them out of business or cause them to cut back on hours or numbers of employees.
Never read much from Huff but what I have read leads me to believe that they are rather left wing leaning and seem to be a bit anti-business. Not saying they are, I just get that impression.
