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Surprise: U.S. Corporations Pulling Back Investments

RodT Wrote: Nov 19, 2012 12:57 PM
You may not know, that if your costs exceed your income, regardless of the $ amount, you will not stay in businees. It's not amount you make, it's the amount you have left after taxes and all other costs are paid. Only those in the black will conintue on, unless of course they are a govt, then they just raise taxes.

Everyone knows by the now there is a fiscal cliff looming and everyone knows President Obama wants to raise taxes on "millionaires and billionaires," which is actually anyone making more than $250,000 per year. With the recent talk from Obama, saying there is no way he will budge on a tax increase for the country's "rich," corporations are naturally pulling back their investments and cutting workers.

U.S. companies are scaling back investment plans at the fastest pace since the recession, signaling more trouble for the economic recovery.

Half of the nation's 40 biggest publicly...