With the so-called fiscal cliff looming, American taxpayers could see tax rates go up at the first of the year if lawmakers don't soon reach a deal.
Local business owner Bethany Andree didn’t let a fundamentally shaken economy deter her from setting out on her own. She opened her restaurant Snack Bar on South Congress Avenue three years ago and is still going strong today.
“It is all a big math equation,” Andree said. “If more is coming out then more has to come in."
But success takes more than a solid business plan.
Like so many others, Andree is left to wait and see what happens in Washington.
On Friday, Republican U.S. Senator John Cornyn accused the President of playing politics.
"The President appears to be determined to get a scalp in all of this,” Sen. John Cornyn said. “It is not so much getting the revenue, but crushing the opponent politically."
Automatic spending cuts and tax increases are set to kick in the first of the year.
"It is really unfortunate, the economy is fragile and a lot of the people that he is asking to pay more taxes are small businesses creating jobs," Sen. Cornyn said.
Republicans in Washington D.C. have been very vocal in calling for tax loopholes to be closed, but the President's staff says that alone isn't enough to reach long-term stability, and that Republicans are holding the middle-class hostage.
"The president won't accept a bad deal,” White House Press Secretary Jay Carney said. “He will not accept a deal that does not including rates rising for the top 2 percent."
As for small business owners like Andree, many say there is no battle plan in place if no compromise is reached.
"It won't be pleasant,” Andree said. “It is my husband and I and our home equity line of credit. We don't have any corporate backers or are part of a restaurant group. We are as mom-and-pops as it gets.”
Fiscal cliff or not, Andree says she remains focused on her customers as she fights to keep her doors open.