It shouldn’t be a surprise that service businesses such as hair and nail salons are hurting right now. And soon, add tanning salons to the list, since the Senate version of health care “reform” will impose a 10 percent tax on tanning services — a virtual guarantee of bad times ahead for that industry. From the Financial Times:
We’re in shock,” said Kathe Ray, owner of Absolute Tan & Spa in Livonia, Michigan. “If this goes in and I lose customers I’m going to have to close my doors.” Business is down 50 per cent from a year ago. Ms Ray has already halved her staff and said the tax would put her on the brink of bankruptcy.
Has anyone in D.C. taken Econ 101?
