BizSugar.com › Raising Capital › Business financing amid federal budget turmoil

With tax season approaching amid one of the worst budget crises in recent memory, businesses both small and large are left waiting to see how the actions of federal, state and local governments will impact their own finances. As those on the left call for higher taxes in order to meet deficits and those on the right call for spending cuts and greater fiscal responsibility, President Barack Obama is left somewhere in between, calling for higher taxes on upper-income earners while also making dramatic spending cuts and relying on investment to stimulate employment and private sector growth.