Monthly Archives: May 2012

Bush Tax Cuts: US Economy Hangs in the Balance

As you know, the so-called Bush tax cuts are set to expire at the end of this year – for everyone – unless Congress enacts new legislation to extend them. If Congress does nothing, they will expire automatically by statutory law on December 31. The non-partisan Congressional Budget Office (CBO) has calculated the expected negative…

Economic & Fiscal Cliff Coming in 2013

Congressional legislation that is critical to the future of our economy and the financial markets is stalled, as Washington is increasingly focused on the November elections. Unfortunately, nothing is likely to be done in Washington before the elections, and that means there will be only seven weeks for a lame-duck Congress to take major action…