Monday, November 26, 2012

Your 4 hourly digest for U.S. News Headlines - Yahoo! News

U.S. News Headlines - Yahoo! News
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Consumers to spend less if middle-class taxes rise: White House
Nov 26th 2012, 12:00

Women carry shopping bags through Times Square in New YorkWASHINGTON (Reuters) - A White House report says that if that Congress allows taxes to go up on middle-class families, consumers will spend $200 billion less in 2013. The report by the White House's National Economic Council and Council of Economic Advisers, released on Monday, was the latest salvo by President Barack Obama to encourage lawmakers to extend tax cuts for families making less than $250,000 a year and fix a tax aimed at making sure wealthy people pay a minimum amount. ...


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