One of the positive developments for the restaurant industry this year was the rollback of the federal tax rates levied on most operations. With few exceptions, Uncle Sam’s portion of revenues dropped precipitously.
So what are operators doing with the money? We asked them in an online survey to share their plans, along with their assessment of the new corporate rates.
We also asked for their gauge of how the reduction of the government’s take from consumers’ paychecks will likely affect restaurant spending.
Here’s what we learned.