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A free floating commentary on culture, politics, economics, and religion based on a passionate commitment to the truth and a desire graciously to refute that which is contrary to it….
"He must hold firm to the sure word as taught, so that he may be able to give instruction in sound doctrine and also to confute those who contradict it."
--Titus 1:9, Revised Standard Version
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(FT) Tax cuts expiry to slow US growth
US economic growth will slow dramatically if tax rises and spending cuts come into effect as planned in 2013, according to new figures from the Congressional Budget Office.
The expiry of tax cuts originally passed by president George W. Bush, the end of a 2 per cent payroll tax holiday and automatic spending cuts agreed last August will reduce growth to just 1.1 per cent in 2013 unless changes are made.
Read it all (subscription required).
Filed under: * Economics, Politics • Economy • Consumer/consumer spending • Corporations/Corporate Life • Personal Finance • Taxes • The U.S. Government • Budget • The National Deficit • Politics in General • House of Representatives • Office of the President • Senate
Next entry (above): Bonnie Anderson Writes the House of Deputies about recent TEC Communications and Issues
Previous entry (below): A Prayer for the Feast Day of Bridget of Kildare
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