Recent News

Insight from Jimmy Dickey in December’s Memphis Business Journal

December 30, 2010

James “Jimmy” S. Dickey, Jr., senior member, The Marston Group PLC, recently weighed in on the business impact of the long-awaited reinstatement of the 2001 “Bush tax breaks” and expounded on whether or not the new two-year extension changes anything.

According to Dickey, “Uncertainty breeds indecision. I believe that business owners and consumers operate in a more predictable manner when they feel more comfortable about the direction the economy is taking. Business owner/operators especially desire a regulatory environment that is stable. No one wants to make expansion, hiring or investment decisions when they do not feel confident that the rules could change on them mid-project. And investors are definitely influenced by tax rates when buying and selling. Thus tax rate uncertainty had to some extent a chilling effect on business and investment activity. I think now that we have at least a two-year road map to follow for federal tax purposes that some delayed business and investment projects may move ahead.”

« Back