Small business nears precipice of fiscal cliff

“Tax cuts” may not quite be dirty words in Donohue's lexicon, but the idea that impending tax hikes would “devastate” small business â€" a Republican mantra â€" comes close to the mark. Absent a grand bargain or a stopgap measure, the fiscal cliff's double whammy of rising taxes and automatic budget cuts could throw the fragile American economy back into recession. President Barack Obama also wraps ...