Count Intertech owner/CEO Tom Salonek among the swelling ranks of small-and-large business bosses who want a sooner- rather-than-later escape from the fiscal cliff.
The uncertainty resulting from the House Republicans' rejection of President Obama's proposal earlier this month that would include spending cuts and a slightly higher marginal tax rate at $400,000 of household income has spooked financial markets and cast doubts on optimistic projections for the economy in 2013.
Business owners, judging by the growing followers of Fixthedebt.org and hundreds of CEOs who have asked Washington for a balanced package of spending cuts and revenue increases, want some certainty before they will sign off on expansion plans. The fiscal cliff anxiety also is lowering consumer confidence.
"I'd like to see [a short-term 2013 deal] and some good long-term decisions, that may include me paying more taxes," Salonek said. "We must address the debt. This problem will not be solved by an either-or solution. It will take a combination of entitlement reform, spending cuts and there may be people who pay more tax."
Intertech, which grew revenue by 14.5 percent to $11.8 million this year, purchased and recently renovated a 13,000-square-foot Eagan facility for its expanded company headquarters. The company is banking on a better economy and common-sense solutions from Washington.
GAMES ARE HIS JOB
Aaron Moriarity, an independent toy designer who grew up in the shadow of the since-abandoned Tonka Toys factory in Mound, is getting traction with his Tetragon2 strategy game at Games by James and nearly 40 other specialty retailers.
Board games are a quiet holiday reprieve from all the electronic killing games. And Moriarity, who once worked for Tonka and its successor, Hasbro, on Muppets-related projects, became an involuntary entrepreneur during the recession, after being laid off as a car salesman.
"I couldn't find a job, so I had to make a job," quipped Moriarity, who also has side gigs as a freelance artist and Elvis impersonator. "I made this game over about a year and a half, piece by piece."