Economic downturn for a moment, we could not escape
“This is the actual situation of the U.S. economy, not partisan reasons.” Conrad said, “In a perfect world, I will not stand in the next 18 months to 2 years, spending cuts or tax increases, but unfortunately that the economic downturn for a moment, we could not escape. ”
Parliament will discuss changes and other U.S. tax system is different if the January 1 next year, before the Congress can not on whether to extend the Bush tax cuts to the wealthy during the decision that the tax cuts will automatically lapse. The upcoming U.S. mid-term elections have to “squeeze” over the agenda of the Congress, together with their sensitivity to tax policy issues, indicates that in just two or three months will be difficult to have a decision. This also means that from the first day of the New Year, high-income people will be more under the new standard deduction.
Regalia, chief economist at the U.S. Chamber of Commerce (Martin Regalia) said that raising taxes on the rich will kill all the people will have the opportunity to the U.S. economic recovery. “Especially for SMEs, which will undoubtedly play their shot as head.” Regalia that tax increases on the wealthy will be at least the U.S. employment opportunities for SMEs by 18% or so, “if you can not make the United States The economy is growing at around 3%, we can not let those old unemployed back to work. ”