"You need a lot of volume to make money in this business and a tax hike would definitely hinder that progress," said Damon Patton, co-founder of Moor's Brewing. This sentiment highlights the precarious nature of profits in the hospitality industry, especially after the pandemic, and represents a broader concern that increased tax burdens may jeopardize the survival of local businesses. The cumulative pressures of pandemic-induced costs and potential tax hikes create a challenging landscape for many restaurant and bar owners.
"Our margins are already razor thin and further tax of those margins would put us in a difficult position," explained Damon Patton, expressing the anxiety of business owners who fear that increased taxes could cripple their already minimal profits. This reflects a critical perspective that local small businesses could be disproportionately affected by city budget strategies, urging policymakers to consider the potential negative impact on the community's economic health.
Collection
[
|
...
]