Nearly eight in 10 small business owners are aware of the so-called “fiscal cliff,” according to a new poll that also found they are concerned about the impact of the combination of tax increases and automatic spending cuts that are set to take effect on Jan. 1 if Congress and the president can’t agree on a plan to reduce the deficit by year’s end.
If not avoided, the situation will have a dire effect on entrepreneurs and the middle class, small businesses’ core customer base. The poll revealed just how widespread the unease is about this critical situation, as strong majorities of small business owners expressed worry about nearly every fiscal cliff issue they were asked about.
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