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CBO Says U.S. Economy Will Fall Off A Cliff If Bush Tax Cuts Not Extended
A new study was released today by the Congressional Budget Office. It contained recommendations for safeguarding the US economy and said specifically that if the Bush tax cuts are allowed to expire or automatic spending cuts are triggered next year the U.S. economy will likely plunge into recession. The Congressional Budget Office report also says [...] CBO Says U.S. Economy Will Fall Off
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Goldman Sachs: Whatever you do, Congress, don’t let the payroll tax cut expire
The Congressional Budget Office has been warning for months that allowing the United States to go over the “fiscal cliff” would endanger the economic recovery. It estimates that the combination of the expiration of the Bush tax cuts... Read Post
CBO: Letting upper-income tax cuts expire would barely hurt economy
Today the Congressional Budget Office released its most detailed report yet on the fiscal cliff, showing exactly what each component will do to the deficit and the economy. Here's the key graph: The above shows how big each policy i... Read Post
CBO The Damage To The US Economy If We Fly Off The Fiscal Cliff
The U.S. will fall into recession in 2013 if federal spending cuts and tax hikes are automatically put in place, the Congressional Budget Office says in a new report today. Below, key highlights from the new CBO report. Economic Out... Read Post