Anyone looking to start a business under current political and economic conditions needs “a lot of courage,” casino owner Steve Wynn told CNBC Friday.
Uncertainty over tax structure, health care and job market stability is heightening tensions and making it difficult for entrepreneurship, the owner of Wynn Resorts [WYNN 113.81 1.35 (+1.2%) ] and critic of President Obama said in an interview.
“That can probably explain to you why I’ve become so concerned about what’s happening in Washington, because it’s affecting the living standards of my employees,” he said. “They’re all filled with anxieties these days.”
He specifically cited Washington battles over getting the debt and deficit under control, along with the possibility of “tax increases and increases in the cost of doing business that are totally unnecessary and irrelevant.”
Read more here.