Economy - Voice of America: Major US Tax, Spending Decisions Could Hinge on November Elections

Economy - Voice of America economy-and-business

Major US Tax, Spending Decisions Could Hinge on November Elections Jul 29th 2012, 22:05 Unless the U.S. Congress acts, most Americans will pay more taxes next year to a federal government forced to slash domestic and national defense spending. Such an outcome would significantly cut the deficit, but could also damage an already-weak U.S. economy. The November elections could determine how the nation proceeds.  Last week brought a tantalizing hint of movement in a politically divided legislature. The Democrat-controlled Senate passed a bill to retain current tax ... Media files: B874E4A1-32D2-4D34-B407-A6EEA1564338_cx0_cy0_cw0_w800_r1.jpg (image/jpeg, 0 MB)

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