Area Business Owners Weigh In On President's Plan - Boston News, Weather, Sports | FOX 25 | MyFoxBoston

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>>

  • Baby That Needs Specialized Formula Receives Overwhelming Support

    Baby That Needs Specialized Formula Receives Overwhelming Support

    Thursday, August 14 2014 9:59 PM EDT2014-08-15 01:59:13 GMT
    Insurance policies have rules governing what's covered and what's not. Generally, they make sense. The rules are designed to prevent unreasonable costs from being passed along to the insurer, and by extension to other insurance customers. But listen to Sheree Kober's story. 
    Insurance policies have rules governing what's covered and what's not. Generally, they make sense. The rules are designed to prevent unreasonable costs from being passed along to the insurer, and by extension to other insurance customers. But listen to Sheree Kober's story. 

  • 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 NewsMore>>

  • 1 Person Killed in Bethel Township Accident

    1 Person Killed in Bethel Township Accident

    Monday, September 1 2014 10:03 PM EDT2014-09-02 02:03:33 GMT
    1 person was killed in an accident in Bethel Township, Delaware County on Monday evening.Initial reports indicate that a vehicle may have hit a tree and overturned. It happened on the 3300 block of Foulk Road around 8:30pm.Foulk Road was closed for several hours while police investigated the crash scene.Stay with Fox 29 News for updates.
    1 person was killed in an accident in Bethel Township, Delaware County on Monday evening.Initial reports indicate that a vehicle may have hit a tree and overturned. It happened on the 3300 block of Foulk Road around 8:30pm.Foulk Road was closed for several hours while police investigated the crash scene.Stay with Fox 29 News for updates.
  • Council Rock South Mourns The Loss Of Three Classmates

    Council Rock South Mourns The Loss Of Three Classmates

    Monday, September 1 2014 5:23 PM EDT2014-09-01 21:23:09 GMT
    Three boys from Council Rock South High School died over the weekend when their SUV overturned.
    Three boys from Council Rock South High School died over the weekend when their SUV overturned.
  • Hamels, 3 Phillies relievers no-hit Braves

    Hamels, 3 Phillies relievers no-hit Braves

    Monday, September 1 2014 4:42 PM EDT2014-09-01 20:42:38 GMT
    Cole Hamels and three Philadelphia Phillies relievers combined to pitch a no-hitter Monday, beating the Atlanta Braves 7-0.
    Cole Hamels and three Philadelphia Phillies relievers combined to pitch a no-hitter Monday, beating the Atlanta Braves 7-0.
Powered by WorldNow

25 FOX Drive
Dedham, MA 02026

Phone (781) 467-2525

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices