WASHINGTON — Retailers were mostly satisfied last week with a last-minute agreement in Congress to avert the so-called “fiscal cliff” of spending cuts and broad tax increases. Many small businesses, however, will feel the pinch of the income-tax rate hike on high-earning individuals, and some could also pay higher rates on businesses that they inherit. “It’s a good news/bad news story,” Andrew Harig, director of government relations, Food Marketing ...
SIGN IN TO ACCESS THIS ARTICLE
Registering for Premium Content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick.
Already registered? Log In to view your content.