If Congress does not reach a deal averting the proverbial fiscal cliff by the January 1 deadline, massive spending cuts and tax increases are set to go in effect. Almost 90% of Americans will pay more in taxes starting next year. That includes small business owners. But small businesses are at the heart of America's economic recovery, and hurting them could hurt the economy as a whole. CNN’s Poppy Harlow talks with two small business owners in Freehold, New Jersey to get their take. Like all Americans, they want answers from Washington.
Bob Bellagamba, the CEO of Concord Worldwide, a limousine company, calls debt a cancer. His message for Congressional leaders is to walk a mile in his shoes. The uncertainty of no deal is making it difficult to run his company. “I'd love for them to come here and just spend a day, spend a week, just to know what a small business goes through,” he says.
Charles Altiero, the owner of Freehold Jewelers, says there are days now that he goes home without a paycheck. He just wants Congress to get to work and make a deal. “Do your job,” he says. “Make a decision.”