Small Business Expects No Boost From Stimulus Rebates
Most small business owners are not expecting the fed’s stimulus package tax rebates that, for many, are coming as early as May, to really help boost their businesses in any meaningful way, if at all, according to recent surveys. Some do still believe though that the rebate checks may help stimulate their business. Those that are in the majority may be right though.
According to recent polls done in samplings of populations around the US of people expecting rebates showed that most people don’t plan to make any wild purchases with their rebate checks, but rather either save, invest, or pay bills off with it. Very smart, but if this is the case, it may not help to stimulate the economy by giving money back to businesses and getting consumers to do what they do best - spend, as anticipated.
The economic stimulus package was created in hopes the people would go out and spend it in retail and services so that we could get the GDP, or Gross Domestic Product, going back up again, and get the spending mentality going in America again, which has helped us become a dominant economy and marketplace, and a great place for entrepreneurs - it’s the “land of opportunity” for exactly that reason, but the land of opportunity has recently suffered some setbacks which the government is trying to bail us out of.
