Wednesday, August 1, 2012

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 ...

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