In a report issued by the White House from from the National Economic Council and the Council of Economic Advisers (CEA), called The Middle-Class Tax Cuts' Impact on Consumer Spending and Retailers, warns of a $200 billion dollar reduction in consumer spending in 2013 if the middle-class tax cuts are not passed by Congress.
President Obama believe we can build on the progress we’ve made, and continue to fight for new jobs, and new opportunity, and new security for the middle class.
Fighting for the middle-class was not only a campaign theme, it is a governing theme. In this light, as America moves into the holiday shopping season, the White House today on Cyber Monday, released this detailed report
Middle-class tax cuts and provides new analysis on the impact to retailers and consumer spending if Congress fails to act to avoid taxes going up on 98 percent of Americans at this year end.
A typical family making $50,000 a year has received tax cuts totaling $3,600 over the past four years – more if it was putting a child through college
President Obama has already signed $1.1 trillion in spending cuts and he looks forward to working with Democrats and Republicans on a balanced approach to further reduce our deficit.
The new analysis by the President’s Council of Economic Advisers (CEA) warns what will happen if the middle-class tax cuts are not renewed:
The Picture taken form http://www.barackobama.com/ website and the content collected from various website.
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