Area Business Owners Weigh In On President's Plan - New York News

Area Business Owners Weigh In On President's Plan

Posted: Updated:
President Obama waves from Air Force One Friday before leaving to visit a toy factory in Montgomery County. President Obama waves from Air Force One Friday before leaving to visit a toy factory in Montgomery County.
MONTGOMERY COUNTY, Pa. -

President Obama visited a Hatfield, PA toy factory Friday, to pitch his plan to balance the budget ahead of the year-end "Fiscal Cliff" of drastic budget cuts and across-the-board tax hikes.

Included in the plan is a call for an extension of Bush-era tax cuts to middle- and low income workers, and to increase taxes on the wealthiest Americans- those earning more than $250,000 a year.

"So," said the president, "that means 98 percent of Americans and 97 percent of small businesses wouldn't see their income taxes go up by a single dime."

In the struggling commercial district along Baltimore Ave. in Clifton Heights, Delaware County, you'd be hard-pressed to find a business owner who'd be affected by the president's plan to raise taxes on big earners.

Dean Green owns a deli and seafood shop. He has two employees.

When FOX 29s Bruce Gordon asked Green whether he'd pay more under the presidents "tax the rich" plan, he laughed.

"I wish I was at that point, but I'm not."

But opinions on the tax-hike-for-the-wealthy vary from business to business.

Green, for example, believes it would stifle the incentive to grow his operation, "because if you produce, you're going to be penalized and it's just going to be taken from you and you gain nothing."

Down the street, Mike DeRosa works by himself, selling and repairing vacuum cleaners.

He, too is well below the $250,000 per year income level, but opposes the proposed hike because, he says, it wouldn't raise enough money.

"If it would help it out, and get us on the right track, I'd be in favor of it," he told FOX 29s Gordon. "But it's not going to help anything out."

To put the Obama tax hike in context, a person earning $500,000 a year would see his income tax bill rise by $11,500.

That's a chunk of change, but would it really be enough to change the boss's mind about increasing or decreasing his workforce?

Across the avenue, Ken Scott runs a company that sells and installs fire alarm systems.

He has 18 employees, but his business is down.

In fact, he's taken to leasing out his parking lot to a guy selling Christmas trees.

Gordon asked Scott how much of a role taxes play in his decision to lay off or hire workers.

"I don't think the taxes have been that big of a deal," he said. "Hiring decisions are based on volume. And if we have the volume of work to do it, I will hire."

  • Bruce Gordon ReportsMore>>

  • Nazi war suspect, 89, dies as extradition OK'd

    Nazi war suspect, 89, dies as extradition OK'd

    Wednesday, July 23 2014 5:22 PM EDT2014-07-23 21:22:14 GMT
    An 89-year-old Nazi war crimes suspect died in custody hours before a U.S. ruling Wednesday that he should be extradited to Germany to face trial.
    An 89-year-old Nazi war crimes suspect died in custody hours before a U.S. ruling Wednesday that he should be extradited to Germany to face trial.
  • Getting Results: Resident Fed Up With Living Next To Vacant Home

    Getting Results: Resident Fed Up With Living Next To Vacant Home

    Wednesday, June 11 2014 10:24 PM EDT2014-06-12 02:24:23 GMT
    Fox 29 is working to get results for one local woman who fears for her safety.In a region filled with rowhomes, a homeowners’ worst nightmare is the home next door becoming vacant, and slowly disintegrating.Sharon Redwood says she's owned her home on West 6th Street in Chester, Delaware County, for most of her adult life.She says the place next door has been vacant for years.It’s become an eyesore, and a dangerous one at that."The roof has fallen from the third floor, down to the basement. (F...
    Fox 29 is working to get results for one local woman who fears for her safety.In a region filled with rowhomes, a homeowners’ worst nightmare is the home next door becoming vacant, and slowly disintegrating.Sharon Redwood says she's owned her home on West 6th Street in Chester, Delaware County, for most of her adult life.She says the place next door has been vacant for years.It’s become an eyesore, and a dangerous one at that."The roof has fallen from the third floor, down to the basement. (F...
  • Philadelphia Police Says #NoSavesies To Public Parking

    Philadelphia Police Says #NoSavesies To Public Parking

    Wednesday, January 29 2014 7:10 PM EST2014-01-30 00:10:03 GMT
    It follows major snowstorms like day follows night, the practice of using old junk to save the parking space you just dug out!
    It follows major snowstorms like day follows night, the practice of using old junk to save the parking space you just dug out!
  • Local NewsLocal NewsMore>>

  • Dwayne Johnson hosts 'Hercules' screening for NYC children

    Dwayne Johnson hosts 'Hercules' screening for NYC children

    Thursday, July 24 2014 10:30 PM EDT2014-07-25 02:30:48 GMT
    When he's not slaying three-headed beasts with his olive-wood club, Hercules carves out time for the little people. Dwayne "The Rock" Johnson treated fans from the Harlem Boys and Girls Club and Big Brothers Big Sisters NYC to an advance screening of his new film. I caught up with the larger-than-life action hero after the big surprise.
    When he's not slaying three-headed beasts with his olive-wood club, Hercules carves out time for the little people. Dwayne "The Rock" Johnson treated fans from the Harlem Boys and Girls Club and Big Brothers Big Sisters NYC to an advance screening of his new film. I caught up with the larger-than-life action hero after the big surprise.
  • The Big Idea

    Making New York City more energy efficient

    Making New York City more energy efficient

    Thursday, July 24 2014 10:20 PM EDT2014-07-25 02:20:19 GMT
    More than half the population of New York City rides public transportation to work. No other metropolis in this country even approaches that percentage or the MTA's total number of riders. For that reason, New York likely ranks as the most energy-efficient city in the nation. But what would it take to make the city even more energy-efficient or even self-sufficient?
    More than half the population of New York City rides public transportation to work. No other metropolis in this country even approaches that percentage or the MTA's total number of riders. For that reason, New York likely ranks as the most energy-efficient city in the nation. But what would it take to make the city even more energy-efficient or even self-sufficient?
  • Suffolk County jail warden is highest-paid muni worker in NY

    Suffolk County jail warden is highest-paid muni worker in NY

    Thursday, July 24 2014 6:48 PM EDT2014-07-24 22:48:14 GMT
    New York State NewsNew York State News
    The Empire Center for Public Policy reports 1,803 local government employees outside of New York City have been paid more than Gov. Andrew Cuomo's $179,000 salary in the past year. The report from the fiscally conservative group for the year ending March 31 shows 47 of the 50 highest-paid municipal employees working for police departments or sheriff's offices and each taking home more than $250,000.
    The Empire Center for Public Policy reports 1,803 local government employees outside of New York City have been paid more than Gov. Andrew Cuomo's $179,000 salary in the past year. The report from the fiscally conservative group for the year ending March 31 shows 47 of the 50 highest-paid municipal employees working for police departments or sheriff's offices and each taking home more than $250,000.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices