Local restaurants fear fiscal cliff will close their doors
RICHMOND, VA (WTVR) — With five days to go before the so called fiscal cliff deadline, area restaurant owners are voicing concerns over what would happen if no deal is reached.
“If taxes increase over four thousand dollars I am done,” Perry Pergiotis, owner of The Crazy Greek restaurant, said.
Pergiotis has owned and operated the restaurant for over thirty years, working fifteen hour days everyday of the week. He also says that customers aren’t coming in as often.
Pergiotis fears Congress will not reach a solution, meaning not only his taxes will go up but his customers will as well.
Patricia Chandler eats at The Crazy Greek a couple of times a week. She says if her taxes go up she will be forced to eat out less.
“Eating out is a real pleasure and I won’t be able to do it as often,” Chandler said.
The same concern is with with Naji Kaei, owner of the Lebanese-style Phoenician restaurant.
“I am very annoyed and aggravated,” Kaei said.
“If things don’t change I am going to get out,” Kaei added.
Both restaurant owners say they just want their leaders in Washington to understand the consequences of their action or inaction.
“It is not war, it is not about winning or losing, it is about doing the right thing for Americans,” Kaei said.
Virginia is bracing for possible affects of the fiscal cliff.
Governor Bob McDonnell has asked the General Assembly to increase its rainy day fund to $600 million over the next couple years while increasing the Commonwealth’s contribution to the Federal Action Contingency Trust Fund.