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Hewlett-Packard Company Message Board

  • unclefulbert unclefulbert Nov 30, 2012 1:09 PM Flag

    Obama: pass the Senate bipartisan bill now ... tax and budget cuts will take too long to iron out

    Obama wants Congress to extend existing tax rates for individuals making less than $200,000 a year and families with annual incomes of less than $250,000. He proposes raising rates for higher incomes as part a package of measures to close the budget gap.

    The Congressional Budget Office has warned that if Congress doesn’t avert the fiscal cliff, the economy might slip into recession next year and boost the unemployment rate to 9.1 percent in the fourth quarter of 2013, compared with 7.9 percent now.

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