P@triot
Diamond Member
Key points from this article:
The Congressional Budget Office has forecasted a fresh recession to hit next year if Taxmageddon, a nearly $500 billion tax increase, hits the nation and Congress and the President drive us off the "fiscal cliff." President Obama has done nothing but ignore this warning.
Uncertainty affects your personal finances, too. Think about this: If you're a middle-class American family, Taxmageddon means that your taxes are going up about $4,100 next year. How does that affect your thinking about traveling for Thanksgiving in a couple of months? Buying Christmas presents? What about saving for retirement or your children's education?
Morning Bell: Obama and Congress Are Choosing to Cause a Recession
The Congressional Budget Office has forecasted a fresh recession to hit next year if Taxmageddon, a nearly $500 billion tax increase, hits the nation and Congress and the President drive us off the "fiscal cliff." President Obama has done nothing but ignore this warning.
Uncertainty affects your personal finances, too. Think about this: If you're a middle-class American family, Taxmageddon means that your taxes are going up about $4,100 next year. How does that affect your thinking about traveling for Thanksgiving in a couple of months? Buying Christmas presents? What about saving for retirement or your children's education?
Morning Bell: Obama and Congress Are Choosing to Cause a Recession