No, they're worried about what sort of ass-rape Mr. Obama is going to bend them over for next. Since Gov't ass-rape -always- involves losing money, business-owners are sitting on their reserves (so they can hopefully pay whatever new costs are in the pipeline), and holding off on hiring because nobody knows what insanity will be next.
I reiterate: Every single transaction I do with a supplier, if it goes over $600.00US, will have to be accompanied by a 1099 (Tax) form. If I buy a firearm from a customer, and -it- costs over $600.00, that transaction must be accompanied by a 1099. Since I buy dozens of guns off people every month, and transact 2-5 orders per month per supplier (during the Good Ol' Days it was 1-3 orders per week), that adds up to a -lot- of paper. Paper costs money. So does ink. So does computer equipment. So does whomever you hire to do all this. And if a business-owner does the paperwork themselves
and for free, ie they don't give themselves a raise for handling all this new bullshit, the value of their time just went down because now they're doing more work for the same money. And all this -before- Stimulus 2.0 and whatever other ludicrous wealth-redistribution schema Mr. Obama and a lame-duck congress decide to dump on them.
Can you see why situations like this might make business-owners a little jittery?
http://money.cnn.com/2010/05/05/smal...re_tax_change/
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An all-but-overlooked provision of the health reform law is threatening to swamp U.S. businesses with a flood of new tax paperwork.
Section 9006 of the health care bill -- just a few lines buried in the 2,409-page document -- mandates that beginning in 2012 all companies will have to issue 1099 tax forms not just to contract workers but to any individual or corporation from which they buy more than $600 in goods or services in a tax year.
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But under the new rules, if a freelance designer buys a new iMac from the Apple Store, they'll have to send Apple a 1099. A laundromat that buys soap each week from a local distributor will have to send the supplier a 1099 at the end of the year tallying up their purchases.
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http://www.hg.org/article.asp?id=19344
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Take a moment to absorb the day-to-day impact of this. Here are examples of transactions that previously did not involve 1099 reporting, but which will be required under the PPACA. For each of the following, your business will need to collect a taxpayer identification number (TIN), address, and other information for a proper 1099, and then send a completed 1099 shortly after the calendar year is over:
1. You travel out-of-town and pay more than $600 for a hotel room.
2. You occasionally order sandwiches from the local deli so that employees or clients can “work through”. Although each payment is no more than around $20, the aggregate paid throughout the year exceeds $600.
3. In a series of smaller purchases, the office manager purchases more than $600 of office supplies from a vendor over the internet.
4. You pay more than $600 per year to a bottled water vendor who makes delivery to your office.
5. You purchase a few office chairs from a local retailer for a total of more than $600.
6. You purchase gas for a business automobile from certain gas stations, the total of which are more than $600 during the entire year.
7. You pay more than $600 throughout the year in shipping or delivery changes to a single vendor, even though each individual charge may be no more than $15.
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