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May 17, 2012

Economy: Economic News, Policy & Analysis - The Washington Post: How ‘Taxmageddon’ would affect the U.S. economy

Economy: Economic News, Policy & Analysis - The Washington Post
Economy News: Get the latest headlines and in-depth coverage of economic news, policy, analysis and more from The Washington Post.
How 'Taxmageddon' would affect the U.S. economy
May 17th 2012, 15:09

What will the economy look like in 2013? A great deal depends on what Congress decides to do at the end of this year. Remember, the Bush tax cuts are expiring, the payroll tax holiday will sunset, and a bunch of new spending cuts under the debt-deal "sequester" are scheduled to kick in. Coming all at once, that's a potentially big drag on growth.

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