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POLITICS & THE ECONOMY
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Mar 21, 2013 8:22 am
manufacturers say that their operating profit margins are so thin, that they have no choice but to pass the cost on to consumers.
It appears that much of the $29 billion will be coming from the pockets of consumers
Thx for following up on this one, I did not fact check the e-mail I received. Despite the false alarm, I think the above statement is solid. No company in the business of making money is just going to suck up a +/- 2.3% decrease in profit. It's always going to be passed along to the consumer in the cost of higher priced good and services. Nice little consumption tax.
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