Tax cliff looms as 2013 rates surge for many households
A Tax Policy Center study warns of large tax increases if expiring Bush era cuts lapse at year end. Middle income families earning 40 000 to 64 000 could face about 2000 more in taxes, while top 1 percent households would see over 120 000 more.
MENTIONED IN THIS ARTICLE
Washington
Tax Policy Center
Barack Obama
Eric Toder
Obama
House
The
Urban Institute
Brookings Institution
Max Martinez
Statue of Liberty
U S manufacturing grows for first time in four months
The Institute for Supply Management reports the ISM factory index at 51.5 in September, up from 49.6, signaling expansion after four months of contraction. New orders rise to 52.3, the strongest since May, boosting production prospects and easing some investor concerns.
MENTIONED IN THIS ARTICLE
Washington
U.S
Institute For Supply Management
Paul Dales
Capital Economics
Dow Jones
Commerce Department
Bernanke defends Fed measures to bolster economy
Fed Chairman Ben Bernanke pledges strong defense of bold policy actions to spur growth and lower unemployment amid a weak economy. He cites 8.1 percent jobless rate and argues rates aid deficit reduction and tax revenue while opposing congressional audits of Fed policy discussions. The Fed keeps mortgage purchases and near zero rates through mid 2015.
MENTIONED IN THIS ARTICLE
Washington
Ben Bernanke
Federal Reserve
Fed
Bernanke
Economic Club of
Indiana
Congress
House
Senate
Fragmented OCR silences coherent headline
Value fragments show inconsistent data streams with percentage figures and date-like tokens. No clear event or entities emerge to summarize into a coherent news item.
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