James Pearson says WA businesses would welcome the tax cuts.
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James Pearson says WA businesses would welcome the tax cuts.
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Dan Huntley, also known as "Dan the Pig Man" holds up one of his barbecue sandwiches outside his food truck in Charlotte, N.C. on Tuesday, Sept. 4, 2012. Huntley had his best day ever during the convention, selling $10,000 worth of sandwiches. (AP Photo/Jeffrey Collins)
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Dan Huntley, also known as "Dan the Pig Man" kisses the pig on his food truck in Charlotte, N.C. on Tuesday, Sept. 4, 2012. Huntley had his best day ever during the convention, selling $10,000 worth of barbecue sandwiches. (AP Photo/Jeffrey Collins)
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Workers at Adrian Stone's tent sell T-shirts to customers during Carolina Fest in Charlotte, N.C. on Monday, Sept. 3, 2012. Stone had to spend six months getting his designs approved by the Democratic National Convention and getting permission to sell the shirts in the convention zone. (AP Photo/Jeffrey Collins)
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Adrian Stone talks to a customer about the T-shirts he is selling during Carolina Fest in Charlotte, N.C. on Monday, Sept. 3, 2012. Stone had to spend six months getting his designs approved by the Democratic National Convention and getting permission to sell the shirts in the convention zone. (AP Photo/Jeffrey Collins)
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This undated handout photo, provided by James Schrager shows James Schrager, a professor of entrepreneurship at the University of Chicago Booth School of Business. Schrager warns that banks aren't just cautious about small business loans, but that home equity loans, a traditional source of money for people starting or expanding a business, remain difficult to get, the result of the collapse in the mortgage market in 2008. (AP Photo/James Schrager)
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This undated handout photo, provided by Steven Kaplan shows Steven Kaplan, a professor of entrepreneurship and finance at Chicago’s Booth School. Kaplan says as China becomes more of a middle-class country, wages for its workers are rising, and that is lessening some of the appeal of manufacturing there for U.S. companies. (AP Photo/Steven Kaplan)
Businesses in military towns brace for budget hit
FAYETTEVILLE, N.C. (
AP) — Small business owners who rely on the nation's military posts for their business say they are already bracing for a hit from the automatic budget cuts that took effect March 1.
Soldiers' salaries are exempt from the cuts, which total roughly $85 billion across the entire military. However, civilian employees who work on bases are expecting furloughs that could significantly slash their paychecks.
Near North Carolina's Fort Bragg, in Fayetteville, Mike Thomas is the general manager of Auto Express. Thomas says smaller paychecks mean fewer sales at his shop, which specializes in selling Jeeps, chrome wheels and sound systems.
Business owners in Tennessee, Kentucky, Texas and Alabama that rely on bases are expecting a similar hit. They say people could wind up spending less on everything from haircuts to furniture.
Tags:
mike thomas, small business, bases, north carolina, confederate states of america, american civil war, automatic budget cuts, business, hit, business owners, civilian employees, general manager, fayetteville, smaller paychecks, fort bragg, small business owners, fewer sales, fayetteville, north carolina, cumberland county, north carolina, military posts, sound systems, budget hit, military towns, similar hit, chrome wheels, auto express
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