Rick Woldenberg: ‘We Spent Over $10 Million’ on Tariffs, Paying More Than ‘100% of Our Net Income in Taxes’

RUSH EXCERPT:

WOLDENBERG: “Well, we spent over $10 million in 2025 on tariffs, which caused us to pay effectively more than 100% of our net income in taxes. Federal, state and iipa, which is not affordable, caused us to reduce our new products releases for the year. We had to reorganize our supply chain overnight. We cut our spending to shreds to survive the”