Wealth & Risk Management Blog

William Byrnes (Texas A&M) tax & compliance articles

CBO Analysis Supports Extending Tax Cuts

Posted by William Byrnes on September 11, 2010


In the face of opposition by the Obama administration to extending the Bush tax cuts, analysis recently released by the Congressional Budget Office (CBO) supports extending the breaks for another few years. Douglas Elmendorf, director of the CBO, believes that eliminating the tax cuts in a stagnant economy may hamper growth, and that continuing the cuts beyond December 31st sets the stage for some economic recovery next year: “Under that … scenario, economic growth would be stronger next year; unemployment would be lower next year.”

Today’s analysis by our Experts Robert Bloink and William Byrnes is located at AdvisorFX Journal CBO Analysis Supports Extending Tax Cuts

One Response to “CBO Analysis Supports Extending Tax Cuts”

  1. CBO Analysis Supports Extending Tax Cuts « Wealth Management Prof blog…

    I found your entry interesting do I’ve added a Trackback to it on my weblog :)…

    Like

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